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Published 26 days ago

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal

  • The T-Mobile deal is set to close next year, leading to increased coverage and capacity for customers and competition with larger carriers, stated by CEO Mike Sievert.
  • The merger will enhance connectivity for customers, as per T-Mobile CEO Mike Sievert, and U.S. Cellular will integrate operations with T-Mobile for increased scale and investment, stated by U.S. Cellular Chair LeRoy Carlson Jr.
  • U.S. Cellular will retain 70% of its spectrum portfolio, and the transaction involves cash and around $2 billion of debt.
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