T-Mobile Finalizing Sale of 800 MHz Spectrum Portfolio to Leading Private Investment Firm Grain
“We are very pleased with the terms we reached with Grain and think the deal represents a great value for both parties. This deal would give T-Mobile the opportunity to work with key partners like Grain that share our vision to optimize spectrum for consumers by exploring the possibilities of how emerging technologies can support mission-critical infrastructure and communications – something that is integral to fueling our country’s continued 5G leadership that drives needed economic growth,” said Dirk Mosa, Senior Vice President, Spectrum, Partnerships and Acquisitions for T-Mobile. “This deal also gives us a great opportunity to deploy Grain’s 600 MHz portfolio of spectrum on T-Mobile’s network, which is already creating better customer experiences in several markets.”
The deal is expected to be finalized by the end of April 2025 and will be subject to regulatory approvals. Closing of the proposed transaction will occur at such later date after all required regulatory approvals have been received and other closing conditions satisfied. The proceeds from this transaction represent incremental upside to the total capital envelope outlined during T-Mobile’s Capital Markets Day in September 2024.
Advisors
TAP Advisors served as the financial advisor for T-Mobile.
About T-Mobile US, Inc.
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in
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