Sprint to Purchase Spectrum, Customers from U.S. Cellular
Sprint today announced that it plans to purchase 1900MHz spectrum licenses and about 585,000 customers from U.S. Cellular. The spectrum licenses will give Sprint an additional 20MHz slice of PCS coverage in Chicago and Champaign, Ill.; South Bend, Ind.; and select areas of Michigan and Ohio. Sprint will gain a 10MHz sliver of PCS spectrum in St. Louis. The customer acquisitions in those markets represents about 10% of U.S. Cellular's entire subscriber base. The transaction is valued at $480 million. Sprint is in the middle of selling a 70% stake of itself to Japan's Softbank for $20.1 billion. Both deals are subject to regulatory approval and aren't expected to close until 2013. Sprint said that U.S. Cellular customers in the affected markets will see no change in their service until the deal is finalized, at which time it will provide more information.
Samsung Reveals Price Points for Gear Sport Watch and Icon X Headphones
Samsung today said its Gear Sport smartwatch and Icon X 2018 headphones will be available for pre-order starting October 13, with general retail availability to follow October 27. The Gear Sport, a fitness-focused smartwatch that runs Samsung's Tizen platform, costs $299.99.
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.
FCC Greenlights AT&T Spectrum Deal
The FCC has approved AT&T's request to purchase two Cellular A Block licenses and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum covers 11 counties and parts of two Cellular Market Areas in Illinois.
T-Mobile Trying to Block AT&T's 700 MHz Purchase
T-Mobile has filed a petition with the FCC in an attempt to prevent AT&T from purchasing select 700 MHz spectrum licenses. AT&T filed a request to transfer the licenses, which cover portions of Kentucky, Ohio, and West Virginia, last month.