T-Mobile to buy spectrum licenses from Verizon

Posted online January 6, 2014 | 7:05 am

T-Mobile has reached deals to buy spectrum licenses from Verizon Wireless for $2.37 billion in cash.

According to an Associated Press report, T-Mobile also is transferring other kinds of spectrum licenses to Verizon Wireless, valued at about $950 million.

The deals give T-Mobile low-band spectrum in nine of the top 10 U.S. markets, the AP reports.

Read more from the Associated Press.

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