AT&T and T-Mobile Agree to Swap Some Spectrum
AT&T and T-Mobile recently filed paperwork with the FCC seeking permission to swap spectrum assets. The companies are looking at PCS and AWS spectrum in a handful of markets. First, AT&T was required to divest spectrum in 12 markets, mostly in Nevada and Texas, in order to win FCC approval of its Cricket Wireless acquisition. These assets will be transferred to T-Mobile. Second, the companies want to exchange assets scattered around California, Florida, Georgia, Kansas, Kentucky, Louisiana, Missouri, Pennsylvania, Texas, and Washington. In their filings with the FCC, AT&T and T-Mobile said the swap will "enable more efficient operations resulting from larger blocks of contiguous spectrum and/or the alignment of spectrum blocks held in adjacent markets." Such spectrum swaps are common in the secondary market for airwaves. The two companies didn't place a dollar value on the proposal, which requires FCC approval.