T-Mobile announced on Friday that it is buying 10MHz of Advanced Wireless Service
(AWS) from U.S. Cellular. The price that T-Mobile is paying for the spectrum is $308 million in cash. The purchased spectrum covers 32 million people in 29 markets and will allow T-Mobile to bring 4G LTE service to new markets, and expand the service in areas where the carrier already offers it in the Mississippi Valley region.
Some of the areas covered by the purchase include St. Louis; Nashville; Kansas City; Memphis; Lexington; Little Rock-North Little Rock; Birmingham; New Orleans; and Louisville. The deal still needs to receive certain regulatory approval from the FCC and the DOJ and is expected to close in the fourth quarter.
"In today's marketplace, spectrum is gold. This is a rare opportunity to secure precious AWS spectrum in key markets that will immediately be put to use by both T-Mobile and MetroPCS customers. This deal expands our network and capacity, allowing for a broader roll-out of 4G LTE and an even faster and more reliable 4G experience for our customers – in addition to spurring competition in the wireless marketplace."-John Legere, CEO, T-Mobile
source: T-Mobile via FierceWireless