x PhoneArena is looking for new authors! To view all available positions, click here.
  • Home
  • News
  • T-Mobile looking to buy unused spectrum from Verizon?

T-Mobile looking to buy unused spectrum from Verizon?

Posted: , by Alan F.

Tags:

T-Mobile looking to buy unused spectrum from Verizon?
T-Mobile CEO John Legere has done a spiffy job turning around the carrier as 1 million new names were added to the rolls during the third quarter. The carrier has led the way when it comes to plans offering multiple upgrades over a year, and has done more to eliminate subsidized pricing than any other mobile operator. While all of this might be considered phase one of T-Mobile's Uncarrier game plan, phase 2 is coming soon and will focus on T-Mobile's pipelines.

This speculation actually started on Monday when the Wall Street Journal said that T-Mobile was looking to raise money to buy more spectrum. The company just announced that it has sold $2 billion in Senior Notes and $1.8 billion in equity, and the buzz around the water cooler has the nation's fourth largest carrier buying $3 billion in unused spectrum from Verizon. According to an anonymous source, the talks are in the early stages.

Back on November 12th, T-Mobile said it was talking with a private party about purchasing spectrum. Meanwhile, Verizon is purportedly eager to sell its A Block spectrum in the 700MHz range although CFO Fran Shammo said that it will not conduct a "fire sale". Shammo said that if Verizon can not come to terms on a sale at a good price, it would probably decide to use the spectrum itself.

source: Reuters

8 Comments
  • Options
    Close




posted on 20 Nov 2013, 21:38 6

1. LiyanaBG (Posts: 323; Member since: 07 Nov 2013)


Go Tmobile!

posted on 20 Nov 2013, 22:13 1

2. Galen20K (Posts: 512; Member since: 26 Dec 2008)


And now it begins, T-Mobile for the first time in a very long time has come out and said they intend on increasing coverage. This is truly the next phase of Uncarrier!

posted on 20 Nov 2013, 22:44 7

3. PapaSmurf (Posts: 8306; Member since: 14 May 2012)


I love T-Mobile.

posted on 20 Nov 2013, 23:50 2

4. dspkblympkbl (Posts: 49; Member since: 23 May 2013)


Yay tmobile.

posted on 21 Nov 2013, 01:32

5. toiletcleaner (Posts: 191; Member since: 10 Oct 2012)


I hate T-Mobile. Service is ........

posted on 21 Nov 2013, 07:26 1

6. JDogg5281 (Posts: 57; Member since: 09 Aug 2012)


Hopefully this goes through and Cincinnati can get some LTE love

posted on 21 Nov 2013, 14:38 1

7. Zero0 (Posts: 583; Member since: 05 Jul 2012)


Not crazy about 700 MHz. Going to be too hard to get a respectable chunk of spectrum. I say, either add AWS or wait it out for the 600MHz auction.

posted on 21 Nov 2013, 21:23

8. corporateJP (Posts: 1555; Member since: 28 Nov 2009)


Good for them, but get ready to be raped like every other customer doing business with Verizon.

Want to comment? Please login or register.

Latest stories