T-Mobile (TMUS) has reached an agreement in principle to divest the company’s 800 MHz spectrum portfolio to purchaser Grain Management, a private investment firm focused on digital infrastructure and solutions to the global broadband industry. Under the terms of the agreement, T-Mobile would receive in return for its 800 MHz spectrum portfolio a combination of cash and all of Grain’s 600 MHz spectrum licenses. The deal is expected to be finalized by the end of April and will be subject to regulatory approvals.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- AI Daily: Nvidia presents new AI chips, partnerships at GTC
- Nvidia announces partnerships for R&D related to AI-native 6G networks
- T-Mobile price target raised to $270 from $265 at JPMorgan
- T-Mobile US: Strong Financial Outlook and Strategic Growth Drive Buy Rating
- Chipotle upgraded, Charter initiated: Wall Street’s top analyst calls
Questions or Comments about the article? Write to editor@tipranks.com