Verizon Wireless (VZ, VOD) and T-Mobile USA (DTEGY.PK) reach a spectrum-exchange deal involving...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon Wireless (VZ, VOD) and T-Mobile USA (DTEGY.PK) reach a spectrum-exchange deal involving assets in the AWS band. The deal features a net spectrum gain for T-Mobile and a cash payment to Verizon, and includes spectrum Verizon is buying from cable providers and LEAP. Verizon is doubtlessly hoping the deal will convince the FCC to sign off on its spectrum purchases, which are being reviewed and have faced Congressional and industry opposition.