According to Straight Path, it had very recently struck a merger agreement that will have Verizon Wireless pay an estimated $3.1 billion in an all stock transaction in order to acquire the wireless spectrum holder. By securing this deal, the Big Red has effectively managed to outbid rival AT&T for Straight Path’s spectrum.
Less than a year since it spent around $420 million in order to acquire 700 MegaHertz airwaves, T-Mobile is now debuting wireless service in that spectrum band in the city of Chicago. Branded as “Extended Range LTE,” the service is being rolled out to the Windy City’s downtown, suburban, and outlying areas.
After having acquired nearly $8 billion worth of low band 600 MegaHertz airwaves, the third biggest wireless carrier in America has not put itself in a good position to further strengthen its current network coverage, and continue to close the gap between itself and industry leaders Verizon Wireless (refer
Just this week, the Federal Communications Commission (FCC) had taken the opportunity to announce the results of its 600 MegaHertz incentive spectrum auction. T-Mobile, Dish Network, and Comcast came out as the top bidders. But perhaps some were wondering why the biggest mobile operator in America -- Verizon Wireless -- did not buy any airwaves.
T-Mobile, Dish Network, and Comcast have emerged as the top three bidders in the incentive spectrum auction conducted by the Federal Communications Commission (FCC). Major US wireless carrier T-Mobile committed the most money, bidding almost $8 billion in order to get its hands on 600 MegaHertz airwaves. According to T-Mobile officials, the mobile operator is looking to take full advantage of the 600 MegaHertz spectrum it has acquired as early as within the year.
Just this week, wireless carrier AT&T has revealed a deal that would give shareholders of Straight Path Communications $1.25 billion (or an equivalent of $95.63 a share) in AT&T stock for the communications asset firm. When including the penalties Straight Path owes the Federal Communications Commission (FCC), the total value of the deal is $1.6 billion.
According to Wells Fargo Securities (as picked up by Fierce Wireless), more than 40 percent of Sprint’s total network traffic is being carried on its 2.5 GigaHertz airwaves, with the fourth biggest wireless carrier in the United States not showing any signs of significant congestion lately. The mobile service provider had taken some flak over the last few months for lowering its spending on network infrastructure.
The Federal Communications Commission (FCC) recently revealed that it will now have the capability to provide a very generous 126 MegaHertz (which is equivalent to 10 paired blocks) of licensed spectrum almost covering the entire country in the forward section of its 600 MegaHertz incentive auction. This is certainly a win for Tom Wheeler, the chairman of the FCC, and this move has the potential of setting up an opportunity for a new mobile network service provider to launch its operations here in the United States.
The world is heading into a 5G technology driven future, and major wireless carriers in the United States as well as the country’s regulators are helping paving the way. But as warned by Amir Rozwadowski of Barclays, the transition will not be a walk in the park. Via a research note, Rozwadowski cited the great promise of 5G networks, but also emphasizes the challenges ahead for those involved in bringing this technology to life.
T-Mobile has always talked about continuously finding ways to improve its wireless coverage and ultimately build a truly nationwide mobile network. Well, its latest move puts the third biggest wireless carrier in the United States closer to achieving that goal. The company has just announced that it had acquired more of the spectrum in the low frequency 700 MegaHertz bands.
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