T-Mobile US IncT-Mobile sells 800 MHz spectrum portfolio to Grain Management, generating proceeds.
Black & Veatch announced the completion of Grain Management's acquisition of T-Mobile's 800 MHz spectrum portfolio, a transaction that enables U.S. utilities to immediately acquire licensed spectrum for private LTE/5G networks and grid modernization. Grain intends to make the 800 MHz Band 26 spectrum immediately available to U.S. utilities, enterprises, and next-generation D2D satellite providers, describing it as a rare, nationwide low-band spectrum asset uniquely suited for mission-critical communications. Black & Veatch, which served as Grain's exclusive sales agent and industry partner, will continue advising and implementing private LTE and 5G networks for utilities evaluating spectrum ownership. The 800 MHz band offers 14 MHz of available bandwidth across most markets, supporting both current and future utility communications requirements. The transaction follows FCC approval and received broad support from utility stakeholders and industry organizations.
T-Mobile US IncT-Mobile sells 800 MHz spectrum portfolio to Grain Management, generating proceeds.
Deutsche Telekom AGDeutsche Telekom, as T-Mobile's parent, benefits from the spectrum sale proceeds.
Grain Management completes acquisition of T-Mobile's 800 MHz spectrum portfolio.
Black & Veatch continues advising utilities on private LTE/5G networks following the spectrum sale.