T-Mobile looking to buy unused spectrum from Verizon?

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

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8 Comments

1. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

Go Tmobile!

2. Galen20K

Posts: 575; Member since: Dec 26, 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!

3. PapaSmurf

Posts: 10457; Member since: May 14, 2012

I love T-Mobile.

4. dspkblympkbl

Posts: 51; Member since: May 23, 2013

Yay tmobile.

5. toiletcleaner

Posts: 224; Member since: Oct 10, 2012

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

6. JDogg5281

Posts: 74; Member since: Aug 09, 2012

Hopefully this goes through and Cincinnati can get some LTE love

7. Zero0

Posts: 592; Member since: Jul 05, 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: 2458; Member since: Nov 28, 2009

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

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