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In May, U.S. Cellular entered into an agreement with T-Mobile to sell almost all of its wireless operations including customers, stores and 30% of its spectrum assets in a deal valued at $4.4 billion.
US Mobile is an American mobile virtual network operator (MVNO) that uses the T-Mobile, Verizon Wireless, and AT&T networks (branded as "Light Speed", "Warp", and "Dark Star" respectively) to provide talk, text, and data services to their customers. US Mobile has over 1,000,000 customers as of 2024.
Mobile virtual network operators (MVNOs) in the United States lease wireless telephone and data service from the four major cellular carriers in the country—AT&T Mobility, Boost Mobile, T-Mobile US, and Verizon—and offer various levels of free and/or paid talk, text and data services to their customers.
After these transactions, US Cellular will retain 3.4 billion MHz POPs of low and mid-band spectrum (700 MHz, 3.45GHz, CBRS, and C-Band) and 17.2 billion MHz POPs of mmWave spectrum.
T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry. T-Mobile would get more than 4 million ...
The deal has been unanimously approved by the boards of United States Cellular Corp. and Telephone and Data Systems Inc, which is a majority shareholder of U.S. Cellular. It is expected to close in mid-2025. Shares of U.S. Cellular jumped 13% before the opening bell Tuesday. Shares of T-Mobile are flat. 05/28/2024 12:04 -0400
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