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SpaceX announced the deal on X and in a statement; Grain Management's press release confirms the 100% portfolio sale, FCC approval requirement and August purchase from T-Mobile. Stock moves attributed to Reuters.

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via SpaceX

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Home/Tech/SpaceX agrees to buy 800 MHz spectrum for Starlink Mobile
VERIFIEDBy Xavier Rivera· ·1.5 min read

SpaceX agrees to buy 800 MHz spectrum for Starlink Mobile

SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio, which it says will pave the way for Starlink Mobile to become a major US mobile carrier. The deal needs FCC approval, and financial terms were not disclosed.

Source:SpaceX
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SpaceX agrees to buy 800 MHz spectrum for Starlink Mobile
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TL;DRAI · 60 sec read

SpaceX agreed to buy Grain Management's nationwide 800 MHz spectrum portfolio, up to 14 MHz of paired low-band spectrum, for Starlink Mobile. SpaceX says the spectrum lets its signal reach phones inside buildings and works with most existing devices. The deal needs FCC approval; financial terms were not disclosed. Reuters reported that T-Mobile, Verizon and AT&T shares fell nearly 7% in extended trading.

SpaceX has agreed to acquire a nationwide low-band spectrum license portfolio that it says will pave the way for Starlink Mobile to become a major mobile carrier in the US. Source: SpaceX ↗
SpaceX says most existing mobile devices already support the band.
The deal covers Grain Management's 800 MHz portfolio. SpaceX says the licenses include up to 14 megahertz of paired spectrum in the 800 MHz band. Grain Management says SpaceX will acquire 100% of its nationwide 800 MHz portfolio, which Grain bought from T-Mobile in August. The deal is subject to Federal Communications Commission approval and other customary closing conditions, and financial terms were not disclosed. Source: Grain Management ↗
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Low-band spectrum adds an indoor coverage layer. SpaceX says Starlink Mobile's global 2 GHz mid-band spectrum will provide high-bandwidth capacity in the US, while the new low-band spectrum adds a coverage layer that lets the signal pass through obstacles such as walls and reach devices inside buildings. SpaceX says most existing mobile devices already support the band. Source: The Verge ↗
The deal is subject to Federal Communications Commission approval and other customary closing conditions, and financial terms were not disclosed.
The FCC cleared the Gen2 constellation this week. SpaceX says the FCC approved Starlink Mobile's Gen2 constellation application this week, authorizing it to launch 15,000 satellites optimized for 2 GHz spectrum globally. With the new spectrum and the Gen2 satellites, SpaceX says Starlink Mobile can become the first network operator to deploy both satellite and terrestrial spectrum.
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Carrier shares fell after the announcement. Shares of T-Mobile US, Verizon and AT&T fell nearly 7% in extended trading, Reuters reported.
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