T-Mobile to Acquire 700 MHz A-Block Spectrum from Verizon Wireless for $2.365B
(Benzinga Lightning Feed Via Acquire Media NewsEdge)
T-Mobile US, Inc. (NYSE: TMUS) today announced that its wholly-owned
subsidiaries T-Mobile USA, Inc. and T-Mobile License, LLC have signed
agreements to purchase certain 700 MHz A-Block spectrum licenses from
Verizon Wireless (NYSE: VZ) for $2.365 billion in cash and the transfer of certain
AWS and PCS spectrum licenses, which have an aggregate estimated value
of approximately $950 million. The transactions, combined with
T-Mobile's existing A-Block holdings in Boston, will result in T-Mobile
having important low-band spectrum in 9 of the top 10 and 21 of the top
30 markets across the United States.
See full press release
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