Verizon (VZ +0.6%) and T-Mobile (TMUS +0.1%) have filed paperwork requesting the FCC sign off on spectrum swaps related to the high-frequency (urban-friendly) AWS-1 and PCS bands. No dollar figure is attached to the proposal.
The #1 and #4 U.S. mobile carriers are looking to swap AWS-1 spectrum in 285 counties, and PCS spectrum in 153 counties. The proposal highlights the extent to which carriers are scrambling to improve their spectrum positions as mobile data traffic growth refuses to let up.
The proposal appears to be separate from the rumored sale of rural-friendly 700MHz. spectrum by Verizon to T-Mobile. Bloomberg recently reported a deal is close, and would involve T-Mobile paying Verizon with a mixture of cash and urban spectrum.