With its spectrum deal with cable companies still receiving government scrutiny, Verizon has announced a proposed swap of airwaves with competitor T-Mobile. As Brendan Sasso of The Hill reports:
The deal includes some of the spectrum that Verizon is trying to buy from a coalition of cable companies, including Comcast and Time Warner. Verizon and T-Mobile will only complete their deal if regulators first approve the Verizon-cable transaction.
By selling some spectrum to T-Mobile, the smallest national carrier, Verizon could boost its hopes of winning regulatory approval for its $3.6 billion deal with the cable companies.