FCC Says T-Mobile Can Buy Verizon's 700MHz Spectrum
The Federal Communications Commission has approved T-Mobile's proposed purchase of 700MHz A Block spectrum from Verizon Wireless. T-Mobile is paying Verizon $2.4 billion for the airwaves, and is also giving Verizon some PCS and AWS spectrum in return. T-Mobile plans to use the 700MHz spectrum to enhance its LTE 4G network. The 700MHz airwaves are considered beachfront property in the wireless market thanks to their strong propagation properties. Verizon already owns country-wide 700MHz spectrum in the C Block. T-Mobile will eventually use 700MHz alongside its existing AWS spectrum to provide LTE 4G service. Verizon is pursuing much the same target, using AWS to supplement its own 700MHz LTE.
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