Sprint to Purchase Spectrum, Customers from U.S. Cellular
Updated: added one sentence; added details and link ti press release.
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.
AT&T and US Cellular Propose PCS Spectrum Swap
AT&T and U.S. Cellular have asked the FCC for permission to exchange spectrum licenses in select areas around the country.
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 and Verizon Agree to Another Spectrum Swap
T-Mobile and Verizon Wireless have petitioned the FCC for permission to swap AWS and PCS spectrum licenses in 92 counties and/or 41 Cellular Market Areas around the country. The companies propose to switch spectrum licenses, but not cellular assets or customers.