T-Mobile acquires 600 MHz spectrum from Comcast for $1.2B-$3.3B; closing expected H1 2028

T-Mobile US, Inc.

Purchase price ranges from $1.2B to $3.3B depending on optional licenses retained by Comcast.
Non-removable licenses cover ~39M pops including New York, Orlando, Kansas City.
Optional sale licenses cover ~110M pops including Chicago, San Francisco, Boston, Miami.
Transaction subject to HSR and FCC approval; transfer filings expected H1 2027, closing H1 2028.
Licenses acquired without network, but T-Mobile holds exclusive leasing arrangement for them.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

T-Mobile US, Inc. entered into License Purchase Agreement with Comcast Corporation and its affiliate Comcast OTR1, LLC valued at total cash consideration of between $1.2 billion and $3.3 billion (effective 2023-09-12).

Action: entry
Counterparty: Comcast Corporation and its affiliate Comcast OTR1, LLC
Value: total cash consideration of between $1.2 billion and $3.3 billion
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, T-Mobile US, Inc. (the “Company”), its direct, wholly-owned subsidiary T-Mobile USA, Inc. (“T-Mobile USA”), and its affiliate T-Mobile License LLC (together with T-Mobile USA, “T-Mobile”), entered into a License Purchase Agreement (the “License Purchase Agreement”) with Comcast Corporation and its affiliate Comcast OTR1, LLC (together with Comcast Corporation, “Comcast”).

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T-Mobile US, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-233451

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