Wednesday, May 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Next@Acer: Acer Debuts Premium Chromebooks, Gaming Desktops and Notebooks
LG Display and Google Develop an 18 megapixel 4.3-inch 1443 ppi 120 Hz OLED display for VR
IBM Crypto-Anchor Verifier, an AI-enabled Scanner for Visual Clues that Prove an Item's Authenticity
Facebook Marketplace Lets you Find House Cleaners, Plumbers
Samsung Display Showcases Future Display Technologies SID 2018
Toshiba's Twin-Field Quantum Key Distribution Extends the Limit of Intercity Secure Communications
Next Generation A12 iPhone Chips Are Already in production On TSMC's 7nm Process
Samsung Details Foundry Plans, 3nm Gate-All-Around FETs Coming in 2021
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > T-Mobil...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 25, 2012
T-Mobile To Buy Wireless Spectrum From Verizon


Verizon Wireless on Monday said that it has agreed to sell wireless spectrum rights to T-Mobile USA and swap others, in a continuing quest to get regulators to approve a bigger spectrum deal it has worked out with a consortium of cable companies and another wireless carrier.

T-Mobile USA agreed with Verizon Wireless for the purchase and exchange of certain Advanced Wireless Services (AWS) spectrum licenses in 218 markets across the U.S. The transaction will improve T-Mobile's spectrum position in 15 of the top 25 markets in the U.S. by providing an opportunity for T-Mobile both to acquire additional AWS spectrum and to realign its existing spectrum holdings. Following regulatory approval, this spectrum can be promptly deployed to enhance the company?s 4G mobile broadband service, including the rollout of LTE service next year. Some of the spectrum T-Mobile is acquiring in this transaction include licenses that Verizon is purchasing from SpectrumCo, Cox and Leap, and the agreement is contingent on the closing of those transactions and is subject to regulatory approval by the Federal Communications Commission (FCC) and the Department of Justice.

"This agreement will provide T-Mobile with critical AWS spectrum, enhancing both network capacity and performance and allowing us to meet the growing consumer demand for 4G mobile broadband," T-Mobile CEO and President Philipp Humm said. "This is good for T-Mobile and good for consumers because it will enable T-Mobile to compete even more vigorously with other wireless carriers. We anticipate FCC approval later this summer, in time for us to incorporate this new spectrum into our network modernization and the rollout of LTE services next year."

T-Mobile will gain spectrum covering 60 million people ? notably in Philadelphia; Washington, D.C.; Detroit; Minneapolis; Seattle; Cleveland; Columbus, Ohio; Milwaukee; Charlotte, N.C.; Raleigh-Durham, N.C.; Greensboro, N.C.; Memphis, Tenn.; and Rochester, N.Y. - in exchange for spectrum covering 22 million people and certain cash consideration. The agreement also includes exchanges in a number of markets in which the companies will swap licenses to create more contiguous blocks of spectrum and re-align spectrum in adjacent markets.

The Verizon-T-Mobile deal is contingent on Verizon getting government approval for three deals to buy spectrum from cable companies and Leap Wireless for a total of about $4 billion. Those deals were struck in November and December, but have met resistance from public-interest groups who say the cellphone company doesn't need more spectrum and shouldn't be cozying up to competitors such as the cable companies.

Verizon is the largest cellphone company in the U.S. and has a relatively strong spectrum position already.

To get the deals with the cable companies and Leap cleared, Verizon has already offered to auction other airwaves it isn't using.


Previous
Next
Microsoft to Buy Social Network Yammer For $1.2 Billion        All News        Seagate Invests In SSD Controller Maker DensBits
JEDEC Updates The UFS Standard     Mobiles News      Samsung Expects To Sell 10 mln Galaxy S3 Smartphones By End of July

Get RSS feed Easy Print E-Mail this Message

Related News
T-Mobile Agrees to Buy Sprint For $26 Billion
T-Mobile Closer to Sprint
GSMA Delays eSIM Technology as U.S. DoJ of U.S. Probes Coordination With AT&T and Verizon
T-Mobile to Bring 5G Network in 30 Cities
Verizon Won't Sell Huawei Smartphones
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
T-Mobile Enters The pay-TV Market With the Acquisition of Layer3 TV
Verizon Signs Five-year NFL Streaming Deal
Verizon Signs Deal with NFL: report
T-Mobile and Sprint End Merger Discussions
Sprint, T-Mobile Merger Talks Stopped: report
SoftBank Agrees on T-Mobile - Sprint Merger: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .