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Market
Impact on rural 5G coverage by end of 2025
4
Resolution / Starting Odds
Significant improvement • 33%
Moderate improvement • 33%
No significant change • 33%
Telecommunications industry performance reports, government broadband access data
Story
Bellevue-based T-Mobile to Acquire U.S. Cellular's Wireless Operations and 30% Spectrum Assets in $4.4 Billion Deal
May 28, 2024, 11:59 AM
Bellevue-based T-Mobile has agreed to acquire most of U.S. Cellular's wireless operations and 30% of its spectrum assets for approximately $4.4 billion. The deal, which includes $2 billion in debt, will further consolidate the U.S. telecommunications market. T-Mobile plans to use U.S. Cellular's spectrum to enhance coverage in rural areas, aiming to deliver a superior 5G experience and unparalleled benefits to millions of customers. The acquisition will be financed with existing cash and up to $2 billion in debt. The deal's completion is subject to regulatory approval, and it remains to be seen if it will pass muster with antitrust regulators. Mike Sievert, CEO of T-Mobile, announced the deal on May 28, 2024.
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