Spectrum Sold, Towers Possibly for Sale

According to a report this morning, nTelos Wireless, one of Sprint’s wholesale partners, is selling $56 million worth of 1900MHz spectrum to T-Mobile as they exit the eastern Virginia market. nTelos will continue to prioritize their networks in western Virginia and West Virginia. This will give T-Mobile the chance to expand their LTE network in the area. “In an effort to strengthen our retail sales performance and leverage our strategic relationship with Sprint, we are right-sizing our business and redirecting our resources on our Western Markets, which provide us the greatest opportunity for sustained, profitable growth,” nTelos Chairman Michael Huber said in a statement. “At the same time, we are exiting markets that have become increasingly competitive and where we have been unable to achieve acceptable financial returns.” nTelos customers in the area will be transitioned to another carrier. Fox Business News reported, “ntelos Holdings Corp., based in Waynesboro, says it’s also looking for ways to monetize its non-core assets, possibly through the sale of towers it owns and spectrum that has not been deployed.”