T-Mobile has reached an agreement in principle to divest the company’s 800 MHz spectrum portfolio to purchaser Grain Management – a leading private investment firm focused on digital infrastructure and solutions to the global broadband industry.
In partnership with energy and infrastructure experts from Black & Veatch, Grain is planning to market the 800 MHz spectrum portfolio to utilities, critical infrastructure industry operators, rural and regional operators and other enterprises, meeting crucial unfulfilled telecommunications needs.
Under the terms of the agreement, T-Mobile would receive in return for its 800 MHz spectrum portfolio a combination of cash and all of Grain’s 600 MHz spectrum licenses.
“We are very pleased with the terms we reached with Grain and think the deal represents a great value for both parties. This deal would give T-Mobile the opportunity to work with key partners like Grain that share our vision to optimize spectrum for consumers by exploring the possibilities of how emerging technologies can support mission-critical infrastructure and communications – something that is integral to fueling our country’s continued 5G leadership that drives needed economic growth,” said Dirk Mosa, Senior Vice President, Spectrum, Partnerships and Acquisitions for T-Mobile.
“This deal also gives us a great opportunity to deploy Grain’s 600 MHz portfolio of spectrum on T-Mobile’s network, which is already creating better customer experiences in several markets.”
The deal is expected to be finalized by the end of April 2025 and will be subject to regulatory approvals.
