All the while when we were trapped in the Title II News Blizzard that made any other topic seem small and irrelevant, the FCC has been conducting an auction of wireless spectrum. This wasn't supposed to be the big auction--that honor was reserved for the incentive auction, in which broadcasters would sell spectrum they hadn't deployed since the digital TV transition consolidated things. This was just an auction for "AWS-3" spectrum, Advanced Wireless Service frequencies in a high band that wasn't expected to pique much carrier interest. The FCC had set a reserve price of $10.6 billion.
T-Mobile is relatively well positioned in the battle for network capacity, according to a recent investor note from analysts at Macquarie Capital. Citing a recent meeting with T-Mobile CTO Neville Ray, the firm wrote that "T-Mo has several years of additional capacity on existing spectrum and current growth rates." The firm also raised its expectations for T-Mobile's fourth quarter performance from 939,000 postpaid net adds to fully 1.2 million postpaid net adds.
T-Mobile US will continue to hunt for 700 MHz A Block spectrum but already has spectrum in that band covering 185 million POPs in 24 of the top 30 U.S. markets, according to CFO Braxton Carter.
T-Mobile US is selling stock in an offering that is likely going to raise $1 billion. The carrier indicated it will use the proceeds for capital expenditures and spectrum purchases beyond what it may acquire in the ongoing AWS-3 auction.
T-Mobile US has been hunting for yet more 700 MHz spectrum to augment its LTE coverage and capacity, with the carrier quietly making several deals for airwaves with small license holders over the past several weeks.
Sprint, T-Mobile US and several public interest and industry organizations want the FCC to more closely scrutinize some of AT&T's recently proposed spectrum deals for low-band airwaves, especially 700 MHz spectrum. Specifically, they want the FCC to employ its recently announced "enhanced factor" review for low-band spectrum acquisitions.
T-Mobile US is likely going to report very strong third-quarter results--and will continue its momentum through the fourth quarter thanks to the launch of Apple's iPhone 6 and 6 Plus, according to financial analysts.
T-Mobile US' hunt to score more 700 MHz A Block spectrum continues, with the carrier disclosing that it wants to acquire licenses in that band in four areas across the country, including areas around Reno, Nev., and Anchorage, Alaska.
Public-safety officials in the Denver area were able to use the First Responder Network Authority's Band 14 spectrum to access network databases during a three-day concert by the band Phish at Dick's Sporting Goods Park in Commerce City, Colo. The city is located in Adams County, which is leasing 700 MHz spectrum from FirstNet for use by its ADCOM911 communications center.
T-Mobile US is looking to get more 700 MHz A Block spectrum covering parts of Pennsylvania, New Mexico and Texas, as more filings related to the carrier's 700 MHz spectrum purchases trickle out into public view.