T-Mobile To Acquire US Cellular's Wireless Operations In $4.4 Billion Deal

In a move that is set to reshape the wireless landscape, T-Mobile announced today that it has agreed to acquire substantially all of U.S. Cellular's wireless operations in a deal valued at $4.4 billion. The transaction, which is expected to close in mid-2025, includes cash and up to $2 billion of debt that T-Mobile will assume through an exchange offer to be made to certain U.S. Cellular debtholders prior to closing.

The acquisition will see T-Mobile take over U.S. Cellular's wireless customers and stores, as well as certain specified spectrum assets. This move is part of T-Mobile's strategy to enhance its network coverage and capacity, particularly in rural areas where it has traditionally lagged behind its competitors.

"With this deal, T-Mobile can extend the superior Un-carrier value and experiences that we're famous for to millions of US Cellular customers and deliver them lower-priced, value-packed plans and better connectivity on our best-in-class nationwide 5G network," said T-Mobile CEO Mike Sievert.

U.S. Cellular customers will have the option to stay on their current plans or switch to a T-Mobile plan of their choosing with no switching costs. This includes the ability to fully participate in T-Mobile's industry-leading value-packed plans filled with benefits and perks.

"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," said U.S. Cellular Chair LeRoy Carlson Jr.

The deal has been unanimously approved by the boards of United States Cellular Corp. and Telephone and Data Systems Inc., which is a majority shareholder of U.S. Cellular.

The acquisition marks another significant move by T-Mobile, following its merger with Sprint in 2020. It is expected to further consolidate the wireless industry and potentially lead to increased competition and lower prices for consumers.

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Ryan

contributor

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