Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



T-Mobile Increases Spectrum Holdings

T-Mobile US (NASDAQ: TMUS  ) has agreed to purchase 10 MHz of Advanced Wireless Services spectrum from U.S. Cellular (NYSE: USM  ) for $308 million, T-Mobile announced today.

That AWS spectrum can serve 32 million people in the Mississippi Valley region. The 29 markets covered include St. Louis, Nashville, Kansas City, Memphis, Lexington, Little Rock-North Little Rock, Birmingham, New Orleans, and Louisville.

"This is a rare opportunity to secure precious AWS spectrum in key markets that will immediately be put to use by both T-Mobile and MetroPCS customers," said T-Mobile CEO John Legere. The deal still needs approval from the Federal Communications Commission and Justice Department. The companies expect the transaction to close in the fourth quarter.

T-Mobile recently merged with MetroPCS to create publicly held T-Mobile US. Before the merger, the previously named T-Mobile USA was a private company held by German company Deutsche Telekom. Deutsche Telekom  holds 74% of the newly formed company.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 28, 2013, at 1:36 PM, grahamsway wrote:

    USM looks to be in a meaningful liquidation mode. Shareholders should benefit but TDS shareholders might benefit more.

    I commented on a recent Ultra Salon scooped the USM executive post which had a link to my fool blog post on USM & TDS.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2515629, ~/Articles/ArticleHandler.aspx, 12/1/2015 8:15:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Dan Radovsky

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASD 5,108.67 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/30/2015 3:59 PM
TMUS $35.50 Down -1.39 -3.77%
T-Mobile US CAPS Rating: ***
USM $41.69 Down -0.20 -0.48%
United States Cell… CAPS Rating: No stars