T-Mobile (TMUS) Mulls ~$3B Spectrum Purchase to Expand Data Networks (VZ)
Tweet
Share
E-mail
Get Alerts TMUS Hot Sheet
Up)Join SI Premium – FREE
(Updated - November 19, 2013 2:16 PM EST)
T-Mobile US (NYSE: TMUS) is said to be taking a hard look at acquiring spectrum from rival Verizon (NYSE: VZ).
Reuters said Tuesday that T-Mobile might purchase the assets to expand its current capacity. Negotiations between the two parties are said to still be in early stages and a deal might not ultimately be reached.
Citing recent analyst commentary, Reuters noted that T-Mobile might pay up to $3 billion for the spectrum, which is currently not being used by Verizon Wireless.
As T-Moible continues its
Shares of T-Mobile are down 0.2 percent in afternoon trading.
T-Mobile US (NYSE: TMUS) is said to be taking a hard look at acquiring spectrum from rival Verizon (NYSE: VZ).
Reuters said Tuesday that T-Mobile might purchase the assets to expand its current capacity. Negotiations between the two parties are said to still be in early stages and a deal might not ultimately be reached.
Citing recent analyst commentary, Reuters noted that T-Mobile might pay up to $3 billion for the spectrum, which is currently not being used by Verizon Wireless.
As T-Moible continues its
Uncarriercampaign, the company is looking to shore-up its networks as data loads increase. The company is currently the number four U.S. carrier behind larger rivals Sprint, Verizon, and AT&T (NYSE: T).
Shares of T-Mobile are down 0.2 percent in afternoon trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Super Micro Computer (SMCI) Falls 6%
- Blackstone (BX) Nears Deal to Sell Control of S.Korean Pharma Wholesaler Geo-young to MBK Parnters for Over $1B - Reuters
- Exclusive-Bentley Systems explores options amid takeover interest, sources say
Create E-mail Alert Related Categories
Insiders' Blog, Mergers and Acquisitions, Momentum Movers, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
