T-Mobile Nearing Spectrum Purchase from Clearwire
Feb 4, 2011, 9:43 PM by Eric M. Zeman
Bloomberg today reported that T-Mobile is close to purchasing spectrum from WiMax provider Clearwire. Bloomberg cites two unnamed sources who claim that the deal could be completed before the end of the first quarter. Clearwire has been searching for ways to raise capital. It has a large amount of spectrum holdings. T-Mobile has been searching for a way to obtain more spectrum to better compete with AT&T, Sprint and Verizon Wireless. In a statement made in January, T-Mobile said, "Deutsche Telekom is exploring various options to acquire additional spectrum and reduce the gap regarding economies of scale compared with its larger competitors, including partnering with other companies." According to Bloomberg's sources, the auction for Clearwire's spectrum was to close at the end of January, but because Deutsche Telekom is the only bidder, the auction has been extended. T-Mobile will likely use proceeds from the sale of its cellular towers to finance the spectrum purchase. T-Mobile would use the spectrum for a Long Term Evolution 4G network.
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