Verizon Wireless works FCC angle in T-Mobile deal
Verizon has announced a deal to swap Advanced Wireless Services spectrum with T-Mobile in a move that could bolster the latter's network and plans to roll out next-gen services. But Verizon isn't just being altruistic. The wireless giant needs the Federal Communications Commission to approve its own spectrum buying binge.
In a statement, Verizon Wireless and T-Mobile said they will swap spectrum in certain markets. The catch? The spectrum T-Mobile would get is dependent on Verizon's transactions with SpectrumCo (a cable consortium), Cox and Leap. If Verizon closes its $3.6 billion deal -- announced late last year -- T-Mobile gets spectrum. Verizon has criticized the FCC's review of its SpectrumCo deal.