T-Mobile looking to buy unused spectrum from Verizon?
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.
2. Galen20K (Posts: 524; 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!
6. JDogg5281 (Posts: 64; Member since: 09 Aug 2012)
Hopefully this goes through and Cincinnati can get some LTE love
7. Zero0 (Posts: 592; 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.
8. corporateJP (Posts: 2341; Member since: 28 Nov 2009)
Good for them, but get ready to be raped like every other customer doing business with Verizon.