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TMCNet:  T-Mobile to Acquire 700 MHz A-Block Spectrum from Verizon Wireless for $2.365B

[January 06, 2014]

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 (c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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