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DLA Piper Advises T-Mobile in its USD 3.5bn Acquisition of Spectrum Licenses
Tuesday 16 August 2022

US-based law firm DLA Piper advised US-based mobile communications company T-Mobile US, Inc. in its acquisition of spectrum licenses in the 600 MHz band from Channel 51 License Co LLC and LB License Co, LLC in exchange for total cash consideration of USD 3.5bn, the firm said.

Of this total, approximately USD 1.9bn will be paid to Channel 51 License and approximately USD1.6 bn will be paid to LB License.

The geographic areas covered by the licenses include markets in Los Angeles, Chicago, San Francisco, Washington, Philadelphia, Boston, Dallas, Houston, and other key markets.

The licenses range from 10MHz to 30MHz per market and cover over 108 m pops--approximately one third of the US population.

The licenses are being acquired without any associated network, but the licenses are currently being utilized by T-Mobile through exclusive leasing arrangements with 51 License and LB License.

In addition to Victory and Samuel (both in Washington, DC), the DLA team was comprised of partner Shaked Hoter (Washington, DC) and associates Peter Shroyer (Washington, DC) and Alexis Elder (in Short Hills, NJ).

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.

T-Mobile is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG.
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Date Published: 16/08/2022

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