Cingular In Talks To Buy NextWave Spectrum
May 28, 2003, 9:54 AM by (staff)
Cingular is in talks to acquire roughly 20 percent of the wireless airwaves held by NextWave Telecom, people familiar with the situation said yesterday. The new spectrum would help Cingular add capacity and coverage in key markets, and accelerate its ongoing upgrades to GSM/GPRS technology. A source said the deal would not include the New York City market. NextWave, which is in bankruptcy protection and recently won a long court battle with the FCC to keep the wireless licenses, would maintain a national footprint.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
AT&T and T-Mobile to Swap Some Spectrum
AT&T and T-Mobile have agreed to exchange some PCS and AWS-1 spectrum licenses in a handful of markets. The carriers said identical amounts of spectrum are being traded, so each carrier's spectrum position will remain unchanged in the covered markets.
Dish Seeking Cash for Possible T-Mobile Deal
Dish Networks is discussing loans of $10 to $15 billion with banks, reports the Wall Street Journal, which it would use to finance a merger with or acquisition of T-Mobile. Dish and T-Mobile are believed to be holding merger talks, though a deal is not imminent.
AT&T Resurrects the 'Cingular' Brand for Flip Phone
AT&T recently added the Cingular Flip to its lineup of inexpensive feature phones. The phone is made by TeleEpoch and bears the model number M3620, but AT&T named it the Cingular Flip to give it some visibility.