Sprint Nextel (NYSE:S) and AT&T Mobility (NYSE:T) recently agreed on an exchange of 5 MHz to 10 MHz of A or B band broadband PCS spectrum in areas around Denver, New Orleans, Honolulu, San Francisco and elsewhere.
The transaction, detailed in FCC filings, is geared toward improving each carrier's respective wireless coverage.
Representatives from Sprint and AT&T declined to provide details on the transaction, including whether money exchanged hands.
The action has precedent: AT&T paid Sprint $59 million for spectrum in parts of Colorado, Oklahoma, Florida and elsewhere in 2009. Indeed, wireless carriers often engage in after-auction spectrum trades with large and small players in order to bolster their spectrum holdings.
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