Verizon, T-Mobile reach deal for airwave slots

6/26/2012

NEW YORK — Verizon Wireless said Monday it has agreed to sell some spectrum rights, or slots on the airwaves, to T-Mobile USA and swap others. The accord is part of its quest for regulatory approval of a bigger spectrum deal it has worked out with a consortium of cable companies and the wireless carrier Leap Wireless. Terms were not disclosed.

T-Mobile, the fourth-largest U.S. wireless company, is particularly starved for spectrum compared with its larger competitors, and regulators are likely to favor a deal that would improve its position.