T-Mobile ( TMUS) said on Friday that it would begin testing its 600MHz network this summer, setting the stage for a commercial rollout later this year.
On Thursday, the FCC officially granted T-Mobile its 600 MHz spectrum licenses that the wireless carrier acquired in a recent broadcast incentive auction.
T-Mobile now possesses an average of 31 MHz of 600 MHz spectrum licenses across the nation, more than quadrupling its low-band holdings.
The Bellevue, WA-based telecommunications firm said that expects to debut new 600 MHz smartphones from leading smartphone manufacturers later this year following the testing of the network this summer.
Shares of T-Mobile were moving lower during mid-morning trading on Friday.
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Snap is bleeding value: Snap Inc. (SNAP) fell nearly 5% by the close of trading on Wall Street Thursday, but never dipped below the $17 price that shares were sold at on March 2, when the company debuted on the Nasdaq with a $3.4 billion IPO. By the end of that first trading day, with shares rising more than 44%, Snap was valued at just under $33 billion.
Investors have questioned the relevance of the company's Snapchat app in a market dominated by messaging services such as Facebook's (FB) WhatsApp and the business-focused Slack Technologies. Wall Street has also raised questions about its ability to monetize the billions of messages it handles each day.