T-Mobile has announced a $4.4 billion acquisition of U.S. Cellular's wireless operations and certain spectrum assets, marking a significant consolidation in the telecommunications industry. The deal will see T-Mobile acquiring over 4 million new customers and expanding its coverage, especially in rural areas. The transaction, which includes cash and assumed debt, aims to enhance service quality and network capacity, and is expected to close by mid-2025.
T-Mobile is acquiring approximately 30% of U.S. Cellular's spectrum assets across several spectrum bands. The acquisition is part of a $4.4 billion deal, which includes U.S. Cellular's wireless operations, customers, and retail stores. U.S. Cellular will retain ownership of its towers and approximately 70% of its spectrum portfolio across several spectrum bands3.
T-Mobile will acquire more than 4 million new customers through its transaction with U.S. Cellular.