T-Mobile is paying $308 million in cash to increase its 4G LTE network in 29 markets in the Mississippi Valley region, including St. Louis; Nashville; Kansas City; Memphis; Lexington; New Orleans; and Louisville. It is buying the 10 MHz of Advanced Wireless Services spectrum from U.S. Cellular, with T-Mobile CEO John Legere noting that “in today’s marketplace, spectrum is gold.”
“This is a rare opportunity to secure precious AWS spectrum in key markets that will immediately be put to use by both T-Mobile and MetroPCS customers,” said Legere. “This deal expands our network and capacity, allowing for a broader roll-out of 4G LTE and an even faster and more reliable 4G experience for our customers – in addition to spurring competition in the wireless marketplace.”
The agreement, expected to close in the fourth quarter, is subject to approval by the Federal Communications Commission and Department of Justice. T-Mobile, which now serves 43 million wireless subscribers, also announced a July 10 press event in which it promised to announce its “boldest moves yet.”
Under Legere, T-Mobile is looking to shake up the industry through its so-called “uncarrier” strategy.