DLA Piper advises T-Mobile in its US$3.5 billion acquisition of spectrum licenses

NEW YORK, Aug. 15, 2022 /PRNewswire/ -- DLA Piper advised 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 US$3.5 billion, of which approximately US$1.9 billion will be paid to Channel 51 License and approximately US$1.6 billion 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 million 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.

Nancy Victory, co-chair of DLA Piper's Global Telecom Practice who, with M&A partner Marc Samuel, led the deal team, said, "We were pleased to work with T-Mobile on this strategic acquisition and combine our deep industry knowledge and experience to support T-Mobile's expansion efforts."

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).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

About DLA Piper

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. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com

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SOURCE DLA Piper