Sign in Subscribe
Earnings

After Merger, T-Mobile Gets to Keep 800 MegaHertz Spectrum

The company's auction ended without a qualifying bid, executives said.

Jake Neenan

Jake Neenan

— 2 min read
After Merger, T-Mobile Gets to Keep 800 MegaHertz Spectrum
Screenshot of T-Mobie CEO Mike Sievert at Wednesday's earnings call

WASHINGTON, Oct. 23, 2024 – T-Mobile’s auction of its 800 MegaHertz (MHz) holdings ended without a qualifying bidder, executives said at the company’s earnings call Wednesday.

“There wasn’t a qualifying bid, as defined in the consent decree. So we’re no longer required to sell it” said T-Mobile CEO Mike Sievert. “You’ll have to stay tuned as to our resolution on how we plan to use it.”

He said the company had “a lot of optionality” and neither the cash from selling it nor the coverage boost from deploying it are in the company’s plans. T-Mobile was required to sell the spectrum to Dish as part of its Sprint merger, but Dish couldn’t come up with the necessary cash – T-Mobile asked $3.59 billion at the outset – and it proceeded to the now-closed auction.

Post tagged in
Earnings T-Mobile Mike Sievert Verizon AT&T Mike Katz Mark Nelson Lumos MetroNet FCC

Read more

Popular Tags

After Merger, T-Mobile Gets to Keep 800 MegaHertz Spectrum FCC FCC’s New Inquiry Could Make Canceling Services Easier Broadband's Impact State and Industry Leaders Offer BEAD Update NTIA Verizon, Vertical Bridge Agree to $3.3 Billion Tower Deal Infrastructure State and Industry Leaders Offer BEAD Update BEAD Hawaii Introduces Statewide Internet Speed Mapping Initiative Broadband Mapping and Data