T-Mobile US is in the process of acquiring spectrum in the 700MHz band from AT&T, reveals the company. The spectrum is actually licensed to an entity called Leap Licenseco and was picked up by AT&T as part of its purchase of smaller rival Leap Wireless over two years ago.
The deal, for an undisclosed amount is subject to regulatory approvals and T-Mobile expects it to close in the fourth quarter of the year. With this, T-Mobile can use the spectrum for its Extended Range LTE service in the Chicago area.
According to the operator, the extended range LTE carries signals twice as far and works four times better in buildings than standard LTE. It launched Extended Range LTE in December 2014. In early 2014, T-Mobile announced the acquisition of 700-MHz spectrum from Verizon in a multi-billion-dollar deal.