BELLEVUE, Wash. — AUGUST 11, 2026 — T‑Mobile (NASDAQ: TMUS) today announced the completion of its previously announced spectrum transaction with Grain Management, LLC. Under the transaction, T‑Mobile transferred its 800 MHz spectrum portfolio to Grain in exchange for $2.9 billion in cash and all of Grain’s 600 MHz spectrum licenses.
The transaction received Federal Communications Commission approval on July 1, 2026. Additional details are available in T‑Mobile’s March 20, 2025 announcement.