Verizon Wireless (NYSE:VZ) agreed to sell its lower 700 MHz A Block spectrum to T-Mobile US (NYSE:TMUS) for $2.365 billion in cash, capping months of feverish speculation over whether the carriers would strike a deal for the airwaves.
Read moreDoes T-Mobile have C-band?
T-Mobile, for example, uses 600 MHz, 2.5 GHz and 39 GHz for 5G, and when the second tranche of C-band becomes available in 2023, it will have an average 40 MHz of C-band at its disposal . And it just picked up 3.45 GHz spectrum in the FCC’s most recent auction for 5G services, where it spent nearly $3 billion.
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