Most Read: Business

 Last Update: 4:15 PM 05/20/2015(NASDAQ&DJIA)

World Markets from      


Other Market Data from      


Key Rates from      


Blog Contributors

Timothy B. Lee

Timothy B. Lee

Timothy B. Lee covers technology policy, including copyright and patent law, telecom regulation, privacy, and free speech. He also writes about the economics of technology. He has previously written for Ars Technica and Forbes. You can follow him on Twitter or send him email.

Brian Fung

Brian Fung

Brian Fung covers technology for The Washington Post, focusing on electronic privacy, national security, digital politics and the Internet that binds it all together. He was previously the technology correspondent for National Journal and an associate editor at the Atlantic. His writing has also appeared in Foreign Policy, Talking Points Memo, the American Prospect and Nonprofit Quarterly. Follow Brian on Google+ .

Andrea Peterson

Andrea Peterson

Andrea Peterson covers technology policy for The Washington Post, with an emphasis on cybersecurity, consumer privacy, transparency, surveillance and open government. She also delves into the societal impacts of technology access and how innovation is intertwined with cultural development.

Post Tech
About / Where's Post I.T.?   |    Twitter  |   On Facebook  |  RSS RSS Feed  |  E-Mail Cecilia
Posted at 12:27 PM ET, 06/25/2012

Verizon spectrum deal wins over critics, T-Mobile

(Paul Sakuma - AP)
Verizon Wireless said Monday that it will swap spectrum with T-Mobile, a move analysts say will help the wireless giant gain approval for a separate spectrum deal with cable firms.

Under the agreement, Verizon will give T-Mobile spectrum that covers about 60 million people. T-Mobile, in exchange, will give Verizon spectrum covering 22 million people along with cash. Both companies will use their new spectrum holdings to expand their 4G high-speed Internet networks.

The companies said the spectrum is in the AWS, or Advanced Wireless Services, band. Financial details weren’t disclosed.

Importantly, the deal removes an obstacle to Verizon’s $3.6 billion bid for spectrum from cable giants Comcast, Time Warner Cable, Cox and Bright House.

In fact, the deal is contingent on the approval of Verizon’s deal with cable firms. The spectrum Verizon will transfer to T-Mobile will come from the cable firms.

T-Mobile has complained to regulators that the deal between Verizon and cable firms would make the wireless market less competitive and allow Verizon, the nation’s largest wireless provider, to rush even further ahead in the race for wireless consumers.

T-Mobile, the fourth-largest wireless carrier, has complained that it has few options for a path forward to compete with the biggest carriers, who have more spectrum and better coverage.

Analysts said the move will help alleviate concerns by regulators, who may be getting pressure from Congress to ensure that Verizon’s deal with cable companies doesn’t harm consumers.

“We think (Verizon) was either proactive in reaching an agreement with T-Mo or encouraged to do so,” said Kevin Smithen, an analyst at Macquarie Securities. “Either way, this is likely a win-win for both companies.”


FCC delays review of Verizon’s bid for cable spectrum

Senator Kohl expresses “serious concerns” over Verizon-cable deal

Microsoft aims to bridge two worlds with Surface tablet

By  |  12:27 PM ET, 06/25/2012

Read what others are saying

    © 2011 The Washington Post Company