AT&T, T-Mobile Ask FCC for Approval of $1 billion Spectrum Transfer

The Wall Street Journal is reporting that AT&T and T-Mobile have filed an application with the FCC asking for their approval to transfer $1 billion worth of AT&T’s AWS spectrum over to T-Mobile. AT&T had already promised the spectrum to T-Mobile as a part of the failed $39 billion merger deal that went TU in December. “This additional spectrum will help meet the growing demand for wireless broadband services,” said Tom Sugrue, T-Mobile’s senior vice president for government affairs. We hope the FCC will move swiftly to approve the license assignments.”

Along with the AWS spectrum, AT&T also promised to pay T-mobile $3 billion in cash to make up for the botched merger attempt. T-Mobile also claims the spectrum is needed to keep up with the stiff competition from other US carriers.

Source: WSJ