T-Mobile to buy UScellular's wireless business, some spectrum assets in $4.4 billion deal
( May 28, 2024, 23:59 GMT | Official Statement) -- MLex Summary: T-Mobile has agreed to buy UScellular's wireless business and roughly 30 percent of its spectrum assets in a deal worth $4.4 billion in cash and approximately $2 billion of assumed debt, according to a news release. The transaction is expected to close in mid-2025. "UScellular anticipates being in a position to return capital to shareholders after the close of the transaction, but any decisions regarding capital allocation or use of proceeds will be made by the UScellular Board of Directors in due course," the company said.See press release below:...
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