Report: T-Mobile Nears Verizon Spectrum Deal

T-Mobile will reportedly soon close a spectrum deal with Verizon Wireless that will give it extra bandwidth covering 150 million people in the US.

Bloomberg reported that a person with knowledge of the process suggests the deal is close.

Verizon Wireless is said to be selling its rival operator its lower 700 MHz A Block spectrum. T-Mobile US Inc. raised $3.8 billion in debt and stock sales recently to fund spectrum expansion.

Why this matters
Jim Alling, T-Mobile's chief operating officer, recently stressed the importance of T-Mobile getting low-band spectrum, so it can reach suburban and rural areas and improve in-building coverage. He said the carrier would explore any opportunity that arose, so this could just be its first.

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— Dan Jones, Mobile Editor, Light Reading