T-Mobile will acquire nearly all of US Cellular's wireless operations, including customers, stores, and 30% of its spectrum assets, in a $4.4 billion deal. The transaction, expected to close in mid-2025, aims to enhance T-Mobile's coverage and is projected to yield $1 billion in cost synergies. US Cellular will retain 70% of its spectrum and 4,400 telecom towers, with T-Mobile becoming a long-term tenant on 2,600 of them.
T-Mobile will acquire most of US Cellular's wireless operations, including customers, stores, and 30% of its spectrum assets, in a $4.4 billion deal. The transaction, expected to close by mid-2025, aims to enhance T-Mobile's coverage and is funded through cash and up to $2 billion in debt. US Cellular will retain 70% of its spectrum and 4,400 telecom towers, with T-Mobile becoming a long-term tenant on 2,600 towers. The deal has received consent from US Cellular's major shareholder, Telephone and Data Systems.
T-Mobile is acquiring US Cellular for $4.4 billion, including taking over its wireless customers, stores, and 30% of its spectrum assets. The deal aims to enhance T-Mobile's rural coverage and 5G network. Existing US Cellular customers can stay on their current plans or switch to T-Mobile plans with no cost. The acquisition is expected to close by mid-2025, pending regulatory approval.
T-Mobile is set to acquire the majority of US Cellular for $4.4 billion, including stores, spectrum assets, and some customers, with the deal expected to finalize by mid-2025 pending regulatory approval. This move aims to enhance T-Mobile's rural coverage and follows its recent acquisitions of Mint Mobile and Sprint.
T-Mobile is acquiring U.S. Cellular’s wireless operations and certain spectrum assets in a $4.4 billion deal, adding over 4 million new customers and expanding its spectrum portfolio. The acquisition, expected to close in mid-2025, will enhance T-Mobile's coverage and capacity, particularly benefiting rural areas. U.S. Cellular customers will gain access to T-Mobile's 5G network and can switch to T-Mobile plans without incurring costs. The deal signals potential further consolidation in the telecommunications industry.
T-Mobile has agreed to acquire most of U.S. Cellular's wireless operations, including all stores and customers, in a $4.4 billion deal that also includes up to $2 billion in debt. The acquisition aims to provide more coverage and capacity, especially in areas with limited options, and to increase competition with AT&T and Verizon. This move follows T-Mobile's recent acquisitions of Mint Mobile and Ultra Mobile, and its 2020 merger with Sprint.
T-Mobile announced a $4.4 billion deal to acquire most of U.S. Cellular, adding 4 million customers, hundreds of stores, and expanded rural reach. The acquisition, expected to close mid-next year, will enhance T-Mobile's spectrum rights and spur competition against AT&T and Verizon.
T-Mobile announced a $4.4 billion deal to acquire most of U.S. Cellular, including stores, spectrum assets, and customers. The acquisition aims to improve rural coverage and connectivity for U.S. Cellular customers. The deal, which includes cash and debt, is expected to close in mid-2025. U.S. Cellular shares surged over 12% following the announcement.
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