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T-Mobile keen on acquiring Verizon’s 700 MHz A-Block spectrum

T-Mobile T-Mobile USA is supposedly keen on acquiring the 700 MHz A-Block low band spectrum from Verizon. The CEO of T-Mobile John Legere said the following in a statement- “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. We will continue to find ways to advance our customers’ network experience just as our bold Un-carrier moves have shaken up the wireless industry to benefit consumers“.

It must be noted that the deal will go through only after a formal approval from the FCC and the Department of Justice. In return for the 700 MHz A-block low band spectrum, T-Mobile will offer Verizon $2.365 Billion in cash plus some of its spectrum from Atlanta and California which are worth over $950 million, thus bringing the total cost to $3.315 billion.

The acquisition will directly affect 21 of the top 30 markets in the U.S. including regions like Atlanta, Dallas, Detroit, New York, Houston, Los Angeles, Philadelphia, Washington D.C. etc covering over 158 million customers, so it’s quite big news. Should the acquisition be approved by the FCC and the DoJ, users of these areas can expect better coverage, particularly in the suburbs, according to reports. This could well be part of T-Mobile’s Uncarrier 4.0 plan which the carrier has been teasing for a few days now.

Source: The Wall Street Journal

Via: GSM Arena

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