TMobile Hollywwod

T-Mobile US in $56m 1900-MHz Spectrum Deal

Comments Off on T-Mobile US in $56m 1900-MHz Spectrum Deal 4

nTelos has agreed to sell its 1900-MHz PCS spectrum in eastern Virginia to T-Mobile US in a deal worth US$56 million.

The operators expect the deal to close in April next year, pending the approval of the Federal Communications Commission (FCC).

The move is part of a refocusing exercise for nTelos, which provides mobile voice and data services in Virginia and a number of other neighbouring states. The company revealed on Tuesday that following a strategic review it will concentrate on its western markets, namely West Virginia and western Virginia, where it acts as a wholesale network provider for Sprint in addition to running its own retail operations.

The operator said it will wind down its network and retail operations in its eastern markets during the course of the next year. This process “is expected to include a transition of its subscribers to another carrier,” it said, without providing further details. It aims to shut down its network on 15 November 2015.

It added that it is working with its advisors UBS and Stephens to explore opportunities to monetise its remaining eastern markets assets. It is also looking at the sale of towers and under-utilised spectrum. Original post at Tototal Telecom

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand

Website: http://www.blog.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter