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T-Mobile Buys $3 Billion of Spectrum From Verizon Wireless

by Jacob Kleinman | January 6, 2014January 6, 2014 11:00 pm PST

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T-Mobile has inked a $3 billion deal with Verizon to purchase an undisclosed number of 700 MHz A-Block spectrum licenses, the company announced today. The deal, which cost the self-styled Uncarrier $2.365 billion in cash and an additional $950 million in its own spectrum licenses, gives the network premium low-band spectrum in 21 of the top 30 markets and nine of the top 10.

“This is a great opportunity to secure low-band spectrum in many of the top markets in America,” said T-Mobile CEO John Legere. “These transactions represent our biggest move yet in a series of initiatives that are rapidly expanding our already lightning fast network and improving its performance across the country.

T-Mobile has garnered plenty of attention with its Uncarrier tactics, which include free global data and the ability to upgrade your smartphone twice every year with JUMP! However, the other side of the equation is a strong wireless network, and T-Mobile has made strides towards building out an LTE footprint to compete with AT&T and Verizon. Today’s deal should help the company boost its coverage in some of the country’s most populated regions, a strategy Legere has emphasized since launching T-Mobile’s 4G network last year.

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Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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