T-Mobile, the American wireless network operator, has announced plans to buy almost all of United States Cellular’s wireless operations for $4.4 billion USD.
This deal will allow US Cellular to retain 70% of its spectrum portfolio, ownership of 4,400 towers, and equity-method investments. It will also grant T-Mobile a long-term lease to 2,600 towers.
The report further states that T-Mobile will pay cash and up to $2 billion in debt to US Cellular’s debt holders. The deal is expected to close in mid-2025, pending regulatory approvals.
United States Cellular Corporation, formerly known as U.S. Cellular, is an American mobile network operator founded in 1983 and headquartered in Chicago, Illinois. It is a subsidiary of Telephone and Data Systems Inc. and is the fourth-largest wireless carrier in the United States.
