T‑Mobile announced its acquisition of nearly all of U.S. Cellular’s assets, valued at nearly $4.4 billion.
In a statement Tuesday, T‑Mobile announced that it would be taking on U.S. Cellular’s wireless operations, wireless customers, stores, and some specified spectrum assets. The $4.4 billion would include both cash and $2 billion in U.S. Cellular debt.
Mike Sievert, CEO of T‑Mobile, said in a press release that the deal would greatly benefit both companies.
The T‑Mobile logo in the Mobile World Congress 2023 in Barcelona, Spain, on Thursday, March 2, 2023. (AP Photo/Joan Mateu Parra, File)
“With this deal T‑Mobile can extend the superior Un-carrier value and experiences that we’re famous for to millions of UScellular customers and deliver them lower-priced, value-packed plans and better connectivity on our best-in-class nationwide 5G network,” he said.
“As customers from both companies will get more coverage and more capacity from our combined footprint, our competitors will be forced to keep up – and even more consumers will benefit,” he added. “The Un-carrier is all …