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FCC Greenlights Swap, Clocks D2D

The FCC just cleared a massive spectrum swap between T-Mobile and Grain Management, greenlighting a deal that hands T-Mobile deployable 600 MHz spectrum and $2.9 billion in cash, while Grain gets a nearly nationwide 800 MHz portfolio. The FCC’s thumbs up came with an unusually strict timeline: Grain faces tough buildout rules and hard deadlines for making its new spectrum useful, not just warehousing it. For T-Mobile, this means it can quickly boost rural coverage and fixed wireless service, while Grain’s upside depends on nailing government milestones tied to direct-to-device (D2D) satellite…

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