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. The companies will swap spectrum licenses only; the deal does not include the transfer of assets or customers. The exchange will allow Verizon and T-Mobile "to enjoy the efficiency benefits associated with larger blocks of contiguous spectrum and/or alignment of spectrum held in adjacent markets," according to regulatory filings. The companies expect the deal to close during the fourth quarter of the year. Companies often sell, buy, or swap spectrum from one another. Such deals require FCC approval.
AT&T and T-Mobile to Swap Some Spectrum
AT&T and T-Mobile have agreed to exchange some PCS and AWS-1 spectrum licenses in a handful of markets. The carriers said identical amounts of spectrum are being traded, so each carrier's spectrum position will remain unchanged in the covered markets.
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.
C Spire Looking to Nab 700MHz Spectrum
C Spire Wireless is hoping to buy some Lower 700 MHz C Block spectrum from Waller Wireless. The companies recently filed the request with the FCC.
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.
FCC Hands Out More AWS-3 Licenses to Auction Winners
The FCC has delivered more licenses to winners of the AWS-3 spectrum auction, which concluded earlier this year. The bulk of licenses granted this week were given to Orion Wireless LLC and Geneseo Communications Services, and cover areas of Illinois, Iowa, Maine, Minnesota, Missouri, North Carolina, Vermont, Virginia, and Wisconsin.