AT&T buys $1 billion of UScellular spectrum2024-11-08 17:23 by DanielaTags: AT&T, US Cellular
UScellular has confirmed that it will sell a portion of its spectrum assets to AT&T for $1 billion. The announcement of the sale comes weeks after UScellular agreed to a similar $1bn deal with Verizon. According to UScellular, the sale forms part of its strategy to monetize the spectrum that was not included in the proposed $4.4 billion sale to T-Mobile. That particular deal will see T-Mobile acquire a significant chunk of UScellular's operations, including its customer base and around 30 percent of the company's wireless spectrum. "We are pleased with the significant value that will be realized in the various transactions recently announced," said Laurent C. Therivel, president and CEO. "This agreement adds a fourth mobile network operator, in addition to T-Mobile, to the list of those whose subscribers will benefit from the sale of our spectrum licenses. As with the other mobile network operators, we are confident that AT&T can put it to productive use in communities throughout the US Furthermore, the terms of the agreement will ensure that there will be continued, uninterrupted service for UScellular customers in the interim." Read more -here-
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