Verizon to acquire $1B US Cellular spectrum, contingent on US Cellular's $4.4B sale to T-Mobile.

Verizon Communications Inc. plans to acquire $1 billion in spectrum assets from US Cellular Corp, contingent on US Cellular's $4.4 billion sale of its wireless operations and spectrum to T-Mobile US Inc. This strategy aims to help US wireless companies focus on their core operations. After the deals, US Cellular will retain significant spectrum assets, maintaining a robust position in the market.

October 18, 2024
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