T-Mobile zeroing in on the purchase of Verizon's 700MHz A block spectrum?

T-Mobile zeroing in on the purchase of Verizon's 700MHz A block spectrum?
A published report has Verizon and T-Mobile close to a deal that would have Big Red ship off its unused 700MHz spectrum to T-Mobile.In exchange, Verizon would receive cash and some spectrum in areas where it can use it. A person close to the deal says that the transaction will be announced next week, assuming final details get worked out. Verizon had been seeking no less than $2.75 billion for the block and the report has T-Mobile paying $3 billion for the spectrum.

As part of the deal, T-Mobile will receive spectrum covering 150 million people, according to BTIG LLC analyst Walt Piecyk. The nation's fourth largest carrier apparently outbid AT&T for the airwaves. The spectrum, part of a group known as "A block," was purchased by Verizon in 2008 for $2.6 billion. For T-Mobile, this is the type of spectrum that its COO Jim Alling has called the missing piece to its coverage.

Verizon is also going to receive some AWS spectrum from T-Mobile in the deal. The nation's largest carrier hopes to use this to free up some bandwidth in areas where it has heavy network traffic, like in New York City.

The deal will require permission from the FCC before it officially closes.

source: Bloomberg

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8 Comments

1. wilsong17 unregistered

lets go tmobile more coverage for us

2. xtroid2k

Posts: 601; Member since: Jan 11, 2010

Yeah. I certainly hope it beefs up coverage here in the north east. Would be awesome

3. LordCaedus

Posts: 85; Member since: Nov 01, 2013

OOC, what prompted VZW to sell in the first place?

4. cripton805

Posts: 1485; Member since: Mar 18, 2012

Come to the west!!! The east has enough coverage and carriers!

5. chrstphr

Posts: 3; Member since: Dec 15, 2013

Verizon's upper c block isn't compatible. Unless they use release 10. Equipment.

6. chrstphr

Posts: 3; Member since: Dec 15, 2013

Other than that come on T mobile!!!

7. EnigmaticPsychotic

Posts: 70; Member since: Nov 26, 2013

As a fan of what T-Mobile is doing this is good news. I'd like to think this is the type s spectrum that would allow for better penetration into buildings, but I'm not sure.

8. chrstphr

Posts: 3; Member since: Dec 15, 2013

They can optimises and reduce power levels and guard bands to prevent interference.

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