T-Mobile is acquiring additional wireless spectrum from Verizon Wireless in the Triangle and other North Carolina markets, meaning more competition – and choice – for consumers when it comes to mobile broadband services.
The company said Monday it had struck a deal to add the spectrum for advanced wireless broadband services known as 4G in the Raleigh-Durham area.
Other North Carolina markets included in the deal include Greensboro and Charlotte.
Financial terms were not disclosed.
T-Mobile said it was acquiring the additional spectrum in a total of 218 markets. The deal must still be approved by the Federal Communications Commission and the U.S. Department of Justice.
“This agreement will provide T-Mobile with critical AWS spectrum, enhancing both network capacity and performance and allowing us to meet the growing consumer demand for 4G mobile broadband,” T-Mobile Chief Executive Officer Philipp Humm said in a statement.
“This is good for T-Mobile and good for consumers because it will enable T-Mobile to compete even more vigorously with other wireless carriers,” he added. “We anticipate FCC approval later this summer, in time for us to incorporate this new spectrum into our network modernization and the rollout of LTE services next year.”
LTE refers to Long Term Evolution, a technology also embraced by Verizon Wireless, Sprint and AT&T for its 4G plans.
T-Mobile plans to invest $4 billion in updating its network.