Senator Cruz questions private investment firm plan to acquire T-Mobile wireless spectrum

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REUTERS/Shannon Stapleton 16 Jun 2026 04:27AM (Updated: 16 Jun 2026 04:29AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a newcards interface.

Give it a try. Click here to return to FAST Tap here to return to FAST FAST WASHINGTON, June 15 : The chair of the Senate Commerce Committee on Monday questioned a plan from private investment firm Grain Management to acquire key wireless spectrum from T-Mobile but potentially delay its use for years.Last year, T-Mobile agreed to sell its portfolio of 800 MHz licenses to private investment firm Grain Management for $2.

9 billion in cash and all of Grain's 600 MHz spectrum licenses. Republican Senator Ted Cruz said in a letter seen by Reuters the Federal Communications Commission should only approve the deal "with specific, enforceable deployment requirements. The United States cannot afford to let valuable spectrum remain underutilized as demand continues to increase."

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Give it a try. Click here to return to FAST Tap here to return to FAST FAST Advertisement Business Senator Cruz questions private investment firm plan to acquire T-Mobile wireless spectrum A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S.

, April 30, 2018. REUTERS/Shannon Stapleton 16 Jun 2026 04:27AM (Updated: 16 Jun 2026 04:29AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST.

Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST WASHINGTON, June 15 : The chair of the Senate Commerce Committee on Monday questioned a plan from private investment firm Grain Management to acquire key wireless spectrum from T-Mobile but potentially delay its use for years.

Last year, T-Mobile agreed