Sports teams do it. Baseball card collecting kids do it. In some cases, grown men have done it with their wives (Google former Yankee pitchers Fritz Peterson and Mike Kekich). Hold on there, we're only talking about making trades. Now, AT&T and T-Mobile have decided to trade some spectrum
, according to the FCC, which made the announcement on Tuesday. PCS (1900MHz) and AWS (1700MHz) spectrum licenses are being exchanged by the carriers. AT&T will also purchase from Peregrine Spectrum LLC some licenses in the lower 700MHz spectrum covering Florida, Minnesota, and Puerto Rico.
In 35 markets, equal amounts of spectrum will be swapped while AT&T will be adding to its holdings in 12 markets. T-Mobile will gain 5 to 10MHz of spectrum in 8 markets and another 10MHz in Spokane, Washington. Recently, the FCC announced that it will auction off another 300MHz in spectrum by 2015
. T-Mobile will be in the bidding to pick up some of the AWS spectrum that is up for grabs.