Telecommunication industry reports

T-Mobile to Acquire U.S. Cellular's Wireless Operations, 30% Spectrum Assets in $4.4 Billion Deal

May 28, 2024, 11:45 AM

T-Mobile US has agreed to acquire most of U.S. Cellular's wireless operations and some of its spectrum assets in a deal valued at approximately $4.4 billion. The acquisition includes U.S. Cellular's customers, stores, and 30% of its spectrum assets. The deal is expected to bring further consolidation to the U.S. telecommunications market. T-Mobile plans to finance the acquisition with existing cash and up to $2 billion in debt. The transaction aims to deliver exceptional value, a superior 5G experience, and unparalleled benefits to millions of customers. The deal's completion is subject to regulatory approval, which may face scrutiny from antitrust regulators. The companies involved are T-Mobile ($TMUS) and U.S. Cellular ($USM).