T-Mobile to acquire most of US Cellular for $4.4 billion

Source: Axios

“T-Mobile has agreed to buy U.S. Cellular’s wireless operations and select spectrum assets for $4.4 billion, the companies announced on Tuesday. The deal ushers in more telecom consolidation and strengthens T-Mobile’s position after having already combined with Mint Mobile parent Ka’ena and Sprint. … The boards of U.S. Cellular and its parent company, Telephone and Data Systems, Inc. (TDS), approved the deal. It is expected to close in mid-2025, subject to regulatory approvals.” (05/28/24)