T-Mobile to buy US Cellular's wireless operations in deal valued at $4.4 billion
Reuters
Synopsis
T-Mobile announced $4.4 billion deal to acquire most of U.S. Cellular’s wireless operations, including customers, stores, and spectrum assets. The company assumed up to $2 billion in debt through an exchange offer with some debtholders. Verizon had also been in discussions for parts of the regional carrier.
By Reuters
Last Updated:
T-Mobile will buy substantially all of regional carrier United States Cellular's wireless operations in a deal valued at $4.4 billion, the telecom giant said on Tuesday.
Verizon was in talks to also buy parts of the regional carrier, WSJ reported earlier this month.
T-Mobile will pay about $4.4 billion for the assets in a combination of cash and up to $2 billion of debt it will assume through an exchange offer to be made to some of U.S. Cellular's debtholders.
(You can now subscribe to our Economic Times WhatsApp channel)
ADVERTISEMENT
As part of the deal, T-Mobile will get U.S. Cellular's customers, stores and some of its spectrum assets, the company said.Verizon was in talks to also buy parts of the regional carrier, WSJ reported earlier this month.
T-Mobile will pay about $4.4 billion for the assets in a combination of cash and up to $2 billion of debt it will assume through an exchange offer to be made to some of U.S. Cellular's debtholders.
(You can now subscribe to our Economic Times WhatsApp channel)
