T-Mobile to divest 800 MHz spectrum portfolio to Grain Management

T-Mobile (NASDAQ: TMUS) announced today that it has reached an agreement in principle to divest its 800 MHz spectrum portfolio to Grain Management, LLC, a private investment firm specializing in digital infrastructure.

Grain, in partnership with Black & Veatch’s energy and infrastructure experts, plans to market the spectrum to utilities, critical infrastructure operators, regional providers, and enterprises, addressing key gaps in telecommunications services. This move aims to enhance national utilities and bolster the U.S. economy through more resilient, secure, and efficient network infrastructures.

Under the terms of the agreement, T-Mobile will receive a combination of cash and Grain’s 600 MHz spectrum licenses in return for its portfolio. Dirk Mosa, Senior Vice President for Spectrum, Partnerships, and Acquisitions at T-Mobile, described the deal as mutually beneficial, noting it supports the optimization of spectrum use and deployment of advanced technologies for mission-critical infrastructure.

“This agreement represents great value for both parties and underscores T-Mobile’s commitment to fueling our country’s leadership in 5G. We’re excited to partner with Grain and deploy their 600 MHz spectrum on our network, creating better customer experiences in several markets,” Mosa stated.

The transaction, expected to close by April 2025, is subject to regulatory approvals and other closing conditions. Proceeds from the deal will contribute to the capital outlined during T-Mobile’s Capital Markets Day in September 2024.