Brief: UScellular And TDS Announce Sale Of Wireless Operations And Select Spectrum Assets To T-Mobile For Approximately $4.4 Billion In Cash And Assumed Debt

Telephone and Data Systems

28/05/2024 12:43

May 28 (Reuters) - Telephone and Data Systems Inc
 TDS.N :
    * USCELLULAR AND TDS ANNOUNCE SALE OF WIRELESS OPERATIONS
AND
SELECT SPECTRUM ASSETS TO T-MOBILE FOR APPROXIMATELY $4.4
BILLION IN CASH AND ASSUMED DEBT
    * UNITED STATES CELLULAR CORP: T-MOBILE TO BUY USCELLULAR'S
WIRELESS OPERATIONS AND ABOUT 30% OF SPECTRUM ASSETS ACROSS
SEVERAL SPECTRUM BANDS
    * UNITED STATES CELLULAR CORP: T-MOBILE WILL ENTER INTO A
NEW
MASTER LICENSE AGREEMENT ON MORE THAN 2,000 TOWERS
    * UNITED STATES CELLULAR CORP: T-MOBILE EXPECTS TO FINANCE
TRANSACTION WITH EXISTING CASH ON HAND

Source text for Eikon:  ID:nPn1pbVdja 
Further company coverage:  TDS.N 

 ((Reuters.Briefs@thomsonreuters.com;))