T-Mobile promises better coverage after spending $2.4 billion on spectrum from Verizon
T-Mobile has just made a big move to improve its coverage by purchasing a large swath of 700MHz A-Block spectrum from Verizon for nearly $2.4 billion in cash. T-Mob — which has been in a buying mood lately — said the deal will will help improve its coverage for 158 million people in 21 of the top 30 US markets, including New York, LA, Atlanta and Dallas. The so-called low-band spectrum has a greater range than more common high-band frequencies, which will be particularly useful for T-Mob in the surrounding areas of large cities. As part of the deal, it’ll also transfer $950 million worth of spectrum to Verizon in several markets, mostly in northern California and Atlanta. Don’t get excited about having better 4G coverage just yet, though — the deal’s still subject to regulatory approval from the FCC and DoJ, which could take some time.
Filed under: Wireless, Internet, Mobile, Verizon, T-Mobile
Via: Business Insider
Source: T-Mobile
AIVAnet 