T-Mobile To Pay $3.3B For Verizon Spectrum Licenses

Law360, New York (January 6, 2014, 1:39 PM EST) -- T-Mobile US Inc. on Monday said it will purchase spectrum licenses from Verizon Wireless in a deal including $2.365 billion in cash and a transfer of other spectrum licenses valued at $950 million.

T-Mobile will acquire certain 700-megahertz A-block spectrum licenses, which the wireless company said will give it a low-band spectrum in nine of the top 10 and 21 of the top 30 markets in the U.S. The deal comes less than two months after T-Mobile said it was gearing up for a potential public...
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