Association of BellTel Retirees’ Post

U.S. Cellular agreed to sell a portion of its retained spectrum licenses used to transmit mobile phone signals and high-speed data services to AT&T in a $1.02 billion deal. The transaction is part of the regional wireless carrier's strategy to monetize its spectrum assets that were not part of the previously announced sale to T-Mobile. T-Mobile in May agreed to buy much of U.S. Cellular’s operations in a roughly $4.4 billion deal. That agreement would give T-Mobile more than 4 million new customers and a trove of valuable spectrum rights to carry more of their data over the air. Last month, U.S. Cellular agreed to sell select spectrum licenses for $1 billion to Verizon. It also signed deals with two other mobile network operators but did not disclose the details. U.S. Cellular said that, including the proposed deal with T-Mobile, it will have reached agreements to monetize about 70% of its total spectrum holdings. https://lnkd.in/e24RErcN

US Cellular to sell some spectrum licenses to AT&T for $1 bln

US Cellular to sell some spectrum licenses to AT&T for $1 bln

reuters.com

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