T-Mobile, Verizon Wireless Sign Deal to Swap Spectrum
"This agreement will provide T-Mobile with critical AWS spectrum, enhancing both network capacity and performance and allowing us to meet the growing consumer demand for 4G mobile broadband," T-Mobile CEO and President Philipp Humm said. "This is good for T-Mobile and good for consumers because it will enable T-Mobile to compete even more vigorously with other wireless carriers. We anticipate FCC approval later this summer, in time for us to incorporate this new spectrum into our network modernization and the rollout of LTE services next year."
The spectrum T-Mobile gains will cover 60 million people, notably those living in Philadelphia; Washington, D.C.; Detroit; Minneapolis; Seattle; Cleveland; Columbus, Ohio; Milwaukee; Charlotte, N.C.; Raleigh-Durham, N.C.; Greensboro, N.C.; Memphis, Tenn.; and Rochester, N.Y.
T-Mobile said the deal the subject to regulatory approval by the Federal Communications Commission (FCC) and the U.S. Department of Justice (DoJ).