Verizon Wireless on Monday said that it has agreed to sell some 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.
The deal with T-Mobile USA would improve the ability of both companies to offer fast wireless data services, Verizon said.
T-Mobile, the fourth-largest U.S. wireless company, is particularly starved for spectrum compared to its larger competitors, and regulators are likely to favor a deal that would improve its position.
Neither T-Mobile nor Verizon said what T-Mobile would pay Verizon for the spectrum. Sanford Bernstein analysts Robin Bienenstock and Craig Moffett estimated the amount at $260 million, figuring that T-Mobile is getting the spectrum at a roughly 50 percent discount.
Monday, June 25, 2012
T-Mobile USA to buy, swap spectrum with Verizon
The AP reports:
