US Cellular Corporation (USM) is seeing a boost in its share price after agreeing to sell a portion of its spectrum licenses to Verizon Communications (VZ) for $1 billion. This deal, along with other spectrum sales, signifies US Cellular’s strategy to maximize value ahead of its pending acquisition by T-Mobile US.
T-Mobile has announced its acquisition of US Cellular, a regional carrier known for its strong presence in rural areas. The deal, valued at $4.4 billion, will allow T-Mobile to enhance its 5G network coverage in underserved regions, adding to its existing nationwide reach. US Cellular customers will have the option to transition to T-Mobile’s plans, with no switching costs or forced migrations. The acquisition is expected to close in mid-2025 subject to regulatory approval.
