Remember the catch in AT&T‘s proposed acquisition of T-Mobile USA? The contract that was agreed upon stated that should the deal fall through, AT&T would pay $3 billion to Magenta, as well as transfer $1 billion of wireless spectrum. Of course, AT&T withdrew their bid from T-Mobile after opposition from the DOJ and other carriers like Sprint.
So, AT&T and T-Mobile filed for permission from the FCC to make that transfer, and T-Mobile is hoping that it’s processed quickly, as they need the spectrum to keep up with the competition. Many analysts are saying that T-Mobile won’t be able to stay in business unless it soon mobilizes an LTE network, as it’s the only remaining carrier of the top four that hasn’t done so. T-Mobile’s senior vice president for government affairs, Tom Sugrue, had this to say about the spectrum transfer:
This additional spectrum will help meet the growing demand for wireless broadband services. We hope the FCC will move swiftly to approve the license assignments.
No word from the FCC on when the transfer will be approved, but we’ll keep you posted. An AT&T spokesman was contacted by Wall Street Journal about the spectrum change, but was unavailable for comment.
So are there any T-Mobile customers out there that are holding out for a T-Mobile LTE network? Sound off in the comments!