T-Mobile to Acquire Unused Verizon Spectrum
T-Mobile, the carrier that likes to keep everyone guessing these days, will be purchasing an unused block of 700 MHz A-block spectrum from Verizon for roughly $3 billion dollars. T-Mobile has been making progress and upsetting some pricing apple carts with its aggressive “Un-carrier” strategy, but still lags behind AT&T and Verizon when it comes to wireless network quality and reach.
The 700 MHz A-block that T-Mobile will be acquiring will cover more that 150 million in the US and give a boost to coverage “in-building” in the following markets: New York, Los Angeles, Dallas, Houston, Philadelphia, Atlanta, Washington D.C., and Detroit.
“This is a great opportunity to secure low-band spectrum in many of the top markets in America,” said John Legere, President and CEO of T-Mobile. “These transactions represent our biggest move yet in a series of initiatives that are rapidly expanding our already lightning fast network and improving its performance across the country. We will continue to find ways to advance our customers’ network experience just as our bold Un-carrier moves have shaken up the wireless industry to benefit consumers.”
T-Mobile CEO John Legere likes to make noise in his battles with the other US carriers and his aggressive moves do have impact. Witness AT&T’s recent moves to give T-Mobile switchers up to $450. Competition is a good thing. And sometimes fun to watch. Here’s a link to the press release.