AT&T and T-Mobile USA have fill up a file requesting the US FCC for its approval for the proposed $1 billion worth of transfer in wireless airwaves. T-Mobile will receive AWS spectrum from AT&T in 128 markets, a $3 billion cash breakup fee and a seven year UMTS roaming agreement.
T-Mobile has said it needs additional spectrum to keep pace with its larger competitors. It is the only major national carrier with no plan to roll out the faster fourth-generation mobile broadband service known as LTE, and it lost 849,000 contract customers in last year’s first nine months.
Tom Sugrue, T-Mobile’s senior vice president said “This additional spectrum will help meet the growing demand for wireless broadband services,” from a email statement from the Wall Street Journal.