T-Mobile to acquire 10MHz of LTE spectrum from US Cellular in $308 million deal

LTE spectrum is a hot commodity, and if you're hurting for cash, it might not be a bad time to let some go. US Cellular just inked a deal to unload 10MHz of Advanced Wireless Services (AWS) spectrum, padding its pocketbook with a whopping $308 million in cash. Pending FCC approval, that wireless load will be making its way over to T-Mobile, which would then own the vast majority of AWS. It's good news for T-Mobile customers, no doubt, especially those in the Southeast -- according to a press release, the spectrum T-Mob just snatched up covers 32 million people in cities like St. Louis, Memphis, Little Rock and New Orleans.

Filed under: Wireless, T-Mobile

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Via: The Next Web

Source: T-Mobile