nTelos has decided to wind down its operations in the eastern half of Virginia and sell its spectrum assets there to T-Mobile. nTelos said it will keep its operations in western Virginia and West Virginia up and running, as it has a stronger retail presence in those areas.
T-Mobile has agreed to pay $56 million for nTelos’ 1900MHz spectrum. nTelos expects to complete the spectrum sale by April 2015, but will lease back its spectrum thereafter so it can provide service to existing customers through November 2015. After that point, it will be T-Mobile’s to do with as it pleases.
The FCC will need to approve the spectrum sale.
