TECH - T-Mobile's $4.4B US Cellular And TDS Deal Promises Enhanced Rural 5G Coverage | Benzinga
T-Mobile US, Inc (NASDAQ:TMUS) agreed to acquire substantially all of United States Cellular Corp’s (NYSE:USM) and Telephone and Data Systems, Inc. (NYSE:TDS) wireless operations, including wireless customers and stores, as well as certain specified spectrum assets for $4.4 billion in the transaction in a combination of cash and up to $2.0 billion of debt.
Under the contract, T-Mobile’s 5G network will expand to provide millions of US cellular customers, particularly those in underserved rural areas.
Under the deal, UScellular will retain ownership of its other spectrum ...