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T-Mobile to Acquire U.S. Cellular’s Wireless Operations for $4.4 Billion

May 28, 2024

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T-Mobile announced that it will acquire nearly all of regional carrier United States Cellular's wireless business.

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.

Previous Talks with Verizon:

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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James Adam

James Adam, a noted business writer for CEO Times Magazine, specializes in insightful industry analysis and executive profiles. Known for his clear, concise style, James offers readers an expert perspective on global business trends and market dynamics.

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