Wind Advisory expires at 6:00 PM on 4/16, issued at 10:31 AM Avant, OK | Barnsdall, OK | Bartlesville, OK | Big Cabin, OK

T-Mobile purchasing rights from Verizon Wireless

Story Comments Share

Updated: 6/25/2012 10:03 am Published: 6/25/2012 10:02 am

NEW YORK (AP) - T-Mobile USA says it has agreed to buy wireless spectrum rights from Verizon Wireless and swap other spectrum holdings with the company, bolstering the ability of both to offer faster wireless data services.

Verizon doesn't yet own all of the spectrum that it wants to transfer to T-Mobile. It has agreed to buy spectrum rights from a consortium of cable companies, but that deal is facing tough scrutiny from regulators in Washington.

The T-Mobile-Verizon deal is contingent on the Verizon-cable deal going through, and gives added reason for regulators to approve it. T-Mobile is the fourth-largest cellphone carrier in the country, and is starved for spectrum compared to its larger competitors.

Neither T-Mobile nor Verizon said what T-Mobile would pay Verizon for the spectrum.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Story Comments Share

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of KOKI FOX23 - Tulsa

No comments yet!
FOX23 Weather Center
Feels Like: 56°
High: 66° | Low: 46°
Mostly Cloudy
Most Popular
Fallin signs minimum wage hike ban in Oklahoma
Cities in Oklahoma are prohibited from establishing mandatory minimum wage or vacation and sick-day requirements under a bill that has been signed into law by Gov. Mary Fallin.
Top Stories
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.