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On Tuesday, the telecom giant said that T-Mobile will buy substantially all of regional carrier United States Cellular’s wireless operations in a deal valued at $4.4 billion.
The company said that as part of the deal, T-Mobile will acquire U.S. Cellular’s customers, stores, and some of its spectrum assets.
Verizon was also in talks to buy parts of the regional carrier, as reported by WSJ 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, which it will assume through an exchange offer to be made to some of U.S. Cellular’s debtholders.
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