Sprint has agreed to buy airwaves and customers from the Midwest section of US Cellular’s market to the tune of $480 million. Not a cheap acquisition, but Sprint hopes to use this band of coverage in parts of Illinois, Indiana, Michigan, Missouri and Ohio to bolster their 4G LTE coverage. Considering Sprint is falling pretty far behind in LTE coverage compared to AT&T and Verizon, I’d say that’s a pretty smart move.
Sprint received $3.1 billion in cash as part of a $20 billion investment by Softbank Corp. Sprint is putting a good chunk of that pocket change into improving their network to maintain competitiveness with the other two big cellular giants. Sprint Chief Executive Dan Hesse said of the purchase that “acquiring this spectrum will significantly increase Sprint’s network capacity and improve the customer experience in several important Midwest markets including Chicago and St. Louis.” The deal will is expected to be completed by mid-2013. Sprint has agreed to pay cash and assume liabilities in the deal.
So, is anyone in that area excited to hopefully get improved coverage from Sprint?