T-Mobile USA says it has agreed to buy wireless spectrum rights from Verizon Wireless and swap other spectrum holdings with the company, bolstering the ability of both to offer faster wireless data services. Verizon doesn’t yet own the entire spectrum that it wants to transfer to T-Mobile. It has agreed to buy spectrum rights from a consortium of cable companies, but that deal is facing tough scrutiny from regulators in Washington. The deal between T-Mobile and Verizon is contingent upon the Verizon cable deal going through and gives added reason for regulators to approve it. T-Mobile is the fourth-largest cell phone carrier in the country and is starved for spectrum compared to its larger competitors. Neither T-Mobile nor Verizon is disclosing what T-Mobile would pay Verizon for the spectrum.
T-Mobile USA to buy, swap spectrum with Verizon
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