Deals
Verizon Said to Be Near Airwaves Deal With T-Mobile
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Verizon Wireless is nearing an agreement to sell unused airwaves to T-Mobile US Inc. in exchange for cash and spectrum in cities where it needs more capacity, according to a person with knowledge of the process.
The sale of the 700-megahertz spectrum will be announced as soon as next week, after final details are hammered out, said the person, who asked not to be identified because the transaction isn’t yet public. T-Mobile, the fourth-biggest U.S. wireless carrier, will gain frequencies covering a population of about 150 million people.