T-Mobile to acquire most of US Cellular's assets in $4.4B deal

T-Mobile has agreed to purchase "substantially all" of U.S. Cellular's wireless operations for $4.4 billion, acquiring all its wireless customers and stores. This acquisition, which includes up to $2 billion in debt, aims to enhance wireless choice in regions dominated by AT&T and Verizon, particularly for those with limited broadband options. T-Mobile's CEO, Mike Sievert, highlighted the benefits of increased coverage and capacity resulting from the merger.

T-Mobile plans to address the issue of limited wireless and broadband options in certain areas through the acquisition of U.S. Cellular's assets by creating a much-needed choice for wireless services in those areas. The deal would allow T-Mobile to expand its coverage and capacity, offering more affordable and diverse plans compared to the expensive and limited options currently available from AT&T and Verizon. By combining the resources and footprints of both T-Mobile and U.S. Cellular, the company aims to force competitors to improve their offerings in order to keep up with the newly expanded T-Mobile network. This acquisition is part of T-Mobile's ongoing strategy to grow its market share and enhance its network capabilities, as seen in previous mergers and acquisitions with Sprint, Mint Mobile, and Ultra Mobile.