T-Mobile US Inc (TMUS.N) is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases. Shares in T-Mobile, majority owned by Deutsche Telekom (DTEGn.DE), rose 2.5 percent on Monday after the company […]
Tag: Verizon Wireless
AT&T buys spectrum from Verizon Wireless in $1.9 billion deal
AT&T Inc (T.N) said in a regulatory filing on Tuesday that it acquired spectrum from Verizon Wireless (VZ.N) (VOD.L) for $1.9 billion in cash. The spectrum, in the 700 MHz band, covers 42 million people throughout the United States. Source: Reuters (Reporting by Jennifer Saba)
