T-Mobile To Acquire Spectrum In 600 MHz Band From Comcast For Total Cash Consideration Of $1.2 B-$3.3B
Portfolio Pulse from Bill Haddad
T-Mobile has announced plans to acquire spectrum in the 600 MHz band from Comcast for a total cash consideration of between $1.2 billion and $3.3 billion.
September 12, 2023 | 8:09 pm
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NEUTRAL IMPACT
T-Mobile is set to acquire the 600 MHz spectrum from Comcast for a total cash consideration of between $1.2 billion and $3.3 billion.
The acquisition of the 600 MHz spectrum from Comcast will enhance T-Mobile's network capacity and coverage. However, the impact on T-Mobile's stock is uncertain as the benefits of the acquisition may be offset by the significant cash outflow.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Comcast is set to receive between $1.2 billion and $3.3 billion in cash from the sale of its 600 MHz spectrum to T-Mobile.
The sale of the 600 MHz spectrum to T-Mobile will provide Comcast with a significant cash inflow, which could be used for debt reduction, share buybacks, or other strategic initiatives. This could potentially boost Comcast's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100