T-Mobile May Make a Bid for Verizon 700MHz Spectrum

Posted by at 6:08 am on November 20, 2013

T-Mobile is weighing a bid on 700MHz A Block spectrum owned by Verizon Wireless.

According to an unnamed source cited by Reuters, T-Mobile and Verizon have held preliminary discussions about the transaction, but nothing is yet formal. T-Mobile is seeking more airwaves to bolster its own LTE network, and the spectrum in question is not being used by Verizon Wireless.

Verizon attempted to sell the same set of airwaves last year, but did not receive offers it deemed acceptable. T-Mobile has recently sold stock and bonds in order to raise funds for spectrum purchases. Reuters believes any sale involving Verizon’s 700MHz spectrum would top $3 billion.

Any such deal between T-Mobile and Verizon would need to meet regulatory approval.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email

Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·