T-Mobile

In return, Verizon to receive cash and AWS spectrum in certain markets

T-Mobile could potentially be ready to wrap up a big deal for some of Verizon's spectrum. According to a report from Bloomberg, the carriers are nearing a deal to transfer 700MHz "A block" spectrum from Verizon to T-Mobile for somewhere in the neighborhood of $3 billion. Verizon initially purchased the 700MHz spectrum in 2008 for $2.6 billion. Further, the deal may also see T-Mobile transferring some AWS (that's 1700/2100MHz) spectrum to Verizon for certain markets. 

If approved by the FCC, the 700MHz spectrum transfer would be applicable to about 150 million people, indicating that this would be quite a large pickup for T-Mobile. The nation's fourth-place carrier currently holds spectrum in the 1900MHz and AWS bands, which is less expensive and fully functional, but can't always penetrate buildings in dense cities properly.

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Adding 700MHz could be just what T-Mobile needs to round out its network offerings, so long as it plans to have the spectrum for a good amount of time and starts to deploy devices that support the frequencies. Sources claim the deal could be finalized as soon as next week.

Source: Bloomberg