T-Mobile US is acquiring $3.3 billion in unused spectrum licenses from Verizon Wireless. The spectrum consists of certain 700MHz A-block, and in addition to paying $2.365 billion in cash, T-Mobile will also be trading Verizon some of its own AWS and PCS spectrum, worth about $950 million.
That would be really good for t-mobile. They seem to be making all the right moves in the last two years. I'm happy for them. They just need to beef up their smartphone offering and they will be in good shape.