Wireless carrier T-Mobile has entered into an agreement to acquire 10MHz of advanced wireless spectrum (AWS) for $308 million. The deal was announced today and is pending regulatory approval by the FCC and Department of Justice. T-Mobile is interested in putting the new spectrum to use to expand their fledgling LTE network.
T-Mobile just recently started rolling out their 4G LTE network. This new 10MHz spectrum covers numerous key markets and could be put to use almost immediately to speed the LTE roll out and increase capacity in existing markets. The spectrum includes such markets as St. Louis; Nashville; Kansas City; Memphis; Lexington; Little Rock-North Little Rock; Birmingham; New Orleans; and Louisville.
According to T-Mobile's CEO, spectrum, especially AWS spectrum, is like gold. Without spectrum, a company would be hard-pressed to provide wireless coverage. Once all the regulatory hurdles are met, T-Mobile will immediately put the spectrum to use.