T-Mobile Looking at Verizon 700MHz Spectrum
T-Mobile is weighing a bid on 700MHz A Block spectrum owned by Verizon Wireless. According to an unnamed source cited by Reuters, T-Mobile and Verizon have held preliminary discussions about the transaction, but nothing is yet formal. T-Mobile is seeking more airwaves to bolster its own LTE network, and the spectrum in question is not being used by Verizon Wireless. Verizon attempted to sell the same set of airwaves last year, but did not receive offers it deemed acceptable. T-Mobile has recently sold stock and bonds in order to raise funds for spectrum purchases. Reuters believes any sale involving Verizon's 700MHz spectrum would top $3 billion. Any such deal between T-Mobile and Verizon would need to meet regulatory approval.
Verizon Might Skip 600MHz Incentive Auction
Verizon Wireless said it is comfortable with its spectrum holdings at the moment and may not bid in next year's auction for 600MHz airwaves. Verizon is only using 40% of its licensed spectrum for LTE, which gives it plenty of room to add capacity.
FCC Awards Spectrum Licenses to AWS-3 Bidders
The FCC today officially granted some winning bidders in the AWS-3 spectrum auction the licenses allowing them to take ownership of the airwaves. The AWS-3 spectrum auction concluded earlier this year, with AT&T, Dish Networks, T-Mobile, and Verizon Wireless the top four bidders.
AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing.
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.
Not a smart move