TMUS · News · 20260811N
Spectrum License Acquisition
T-Mobile US, Inc. · 2026-08-11 · Importance 71 · Surprise 60 · In source text
T-Mobile completed its previously announced 800 MHz spectrum transaction with Grain Management on August 11, 2026. T-Mobile transferred its 800 MHz spectrum portfolio and received $2.9 billion in cash plus all of Grain’s 600 MHz spectrum licenses. The transaction received Federal Communications Commission approval on July 1, 2026. The exchanged 600 MHz licenses expand T-Mobile’s spectrum holdings for mobile telecommunications services.
Key facts
- T-Mobile transferred its 800 MHz spectrum portfolio to Grain Management in exchange for $2.9 billion in cash and all of Grain's 600 MHz spectrum licenses. source
- The spectrum transaction officially closed on August 11, 2026. source
- T-Mobile purchased certain 600 MHz wireless spectrum licenses from Array Digital Infrastructure, Inc. earlier in August 2026. source
- The transaction received Federal Communications Commission approval on July 1, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | T-Mobile transferred its 800 MHz spectrum portfolio to Grain Management in exchange for $2.9 billion in cash and all of Grain's 600 MHz… |
| assets | positive | realized | — | T-Mobile transferred its 800 MHz spectrum portfolio to Grain Management in exchange for $2.9 billion in cash and all of Grain's 600 MHz… |
| assets | negative | realized | — | T-Mobile transferred its 800 MHz spectrum portfolio to Grain Management in exchange for $2.9 billion in cash and all of Grain's 600 MHz… |
| assets | positive | realized | — | T-Mobile purchased certain 600 MHz wireless spectrum licenses from Array Digital Infrastructure, Inc. earlier in August 2026. |