Tuesday, January 7, 2014

T-Mobile to buy Verizon Wireless Spectrum in $3.3 Billion Deal

According to Reuters, T-Mobile US announced yesterday that they would buy spectrum licenses from Verizon Wireless to improve its high-speed wireless services in a deal worth $3.3 billion. Reuters reported, “T-Mobile, the No. 4 U.S. mobile provider, said the licenses cover more than 150 million people in areas such as New York, Atlanta and Los Angeles. It expects to roll out services using the spectrum as early as the fourth quarter of 2014.”

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