$4.4 billion signature from T-Mobile
T-Mobile, one of the major US mobile phone operators, announced that it will acquire the wireless operations of mobile network operator US Cellular in a deal worth $ 4.4 billion.
In the statement made by T-Mobile, it was stated that the company will acquire US Cellular’s wireless operations.
It was stated in the statement that the acquisition in question would include US Cellular’s wireless users and stores, as well as certain spectrum assets, and that T-Mobile would pay $4.4 billion for the assets to be acquired from US Cellular.
The statement stated that the acquisition transactions are expected to be completed in mid-2025, and that with the completion of the transactions, T-Mobile’s 5G network will expand to serve millions of US Cellular customers.
Following this development, US Cellular’s shares traded on the New York Stock Exchange gained more than 20 percent in value.