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T-Mobile Stock Price Increase Post-Acquisition Announcement?
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Bellevue-based T-Mobile to Acquire Most of U.S. Cellular in $4.4 Billion Deal Announced on May 28, 2024
May 28, 2024, 01:45 PM
Bellevue-based T-Mobile has announced its plan to acquire most of U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at approximately $4.4 billion. The acquisition, announced on May 28, 2024, includes the transfer of more than 4 million customers, hundreds of stores, and about 30% of U.S. Cellular's spectrum assets. The deal, which will be financed with existing cash and up to $2 billion in debt, aims to enhance T-Mobile's 5G network and improve coverage in rural areas. This move is expected to further consolidate the wireless industry and may face scrutiny from antitrust regulators.
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