T-Mobile to buy almost all of U.S. Cellular in deal worth $4.4 billion with debt

U.S. Cellular customers will be able to either keep their old plan or switch to a new T-Mobile plan without any fees for swapping.WASHINGTON — 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 CEO Mike Sievert said the deal will “create a better experience for all of our customers with more coverage and more capacity." “In the face of rising competition and increasing capital intensity required to keep pace with the latest technologies, and following our careful and deliberate strategic review, we are confident that continuing to deliver on our mission requires a level of scale and investment that is best achieved by integrating our wireless operations with those of T-Mobile,” U.S. Cellular Chair LeRoy Carlson Jr. said in a statement.

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T-Mobile to buy almost all of US Cellular in deal worth $4.4B with debtT-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion. T-Mobile will get U.S. Cellular's wireless operations and about 30% of spectrum assets across several spectrum bands.
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T-Mobile to acquire most of US Cellular's assets in $4.4B dealT-Mobile announced on Tuesday that it agreed to acquire “substantially all' of U.S. Cellular’s wireless operations in a deal valued at $4.4 billion, including debt.
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