The wireless carrier will assume billions of dollars in debt as part of the transaction.
Topline
T-Mobile will buy most of U.S. Cellular’s operations in a deal valued at $4.4 billion, both companies announced Tuesday, the latest billion-dollar transaction by the wireless carrier as it expands coverage to millions of more customers.Key Facts
The deal will include a combination of cash and about $2 billion in assumed debt, T-Mobile and U.S. Cellular said in a joint statement.
T-Mobile will acquire about 30% of U.S. Cellular’s wireless spectrum as part of the deal, improving and expanding coverage for customers in rural areas, while U.S. Cellular will keep the remaining 70% to “opportunistically monetize these retained assets,” according to the statement.
