T-Mobile to Acquire Assets from US Cellular in $4.4 Billion Deal
In a significant move within the telecommunications industry, T-Mobile has agreed to purchase various assets from US Cellular for approximately $4.4 billion. This transaction will grant T-Mobile ownership of all US Cellular stores, a portion of its spectrum assets, and a segment of its customer base. The deal, which includes a mix of cash and up to $2 billion in assumed debt, is expected to be completed by mid-2025, pending regulatory approval.
Through this acquisition, T-Mobile will gain access to around 30 percent of US Cellular’s wireless spectrum. T-Mobile plans to utilize this spectrum to improve coverage in rural regions and provide better service to existing US Cellular customers across the United States. Customers of US Cellular will have the option to maintain their current plans or transition to comparable T-Mobile contracts.
Despite this sale, US Cellular will retain control over 70 percent of its wireless spectrum and its towers. It will also lease additional space on approximately 2,100 towers to T-Mobile.
