Today UScellular and T-Mobile announced a deal for T-Mobile to buy the wireless service for $4.4 billion to buy UScellular’s wireless operations, pending approval by several government organizations before the deal can close. This comes as reports have been circulating for some time that UScellular was looking for a buyer. The deal includes cash and assumed debt to reach the $4.4 billion number.
This deal will also give T-Mobile about 30% of UScellular’s Wireless spectrum across different bands.
“For over 40 years, UScellular has delivered on its mission of connecting people to what matters most, and this transaction will ensure customers have access to the level of service they deserve,” said LeRoy T. Carlson, Jr., Chair of the Board of Directors of UScellular. “In the face of rising competition and
increasing capital intensity required to keep pace with the latest technologies, and following our careful and deliberate strategic review, we are confident that continuing to deliver on our mission requires a level of scale and investment that is best achieved by integrating our wireless operations with those of TMobile. T-Mobile has the resources to provide UScellular’s customers with an unparalleled network experience, lower prices and higher-quality services. We are pleased that T-Mobile also shares our commitment to bringing best-in-class connectivity to rural Americans, who today comprise nearly 40% percent of the population that UScellular serves.”
“The decisions we announced today are in the best interests of our customers and our shareholders. TMobile is the right partner for our wireless operations and will ensure that customers have access to bestin-class wireless speeds and performance, including 5G and a nationwide network, at compelling prices,” said Laurent Therivel, Chief Executive Officer of UScellular. “We are committed to serving the needs of our customers and supporting our associates as we work to complete the transaction.”
The deal would include a master license to more than 2,000 towers owned by UScellular, which would help T-Mobile expand its market and continue expanding its networks.
“This deal will create opportunity for T-Mobile to bring millions of UScellular customers lower prices and the Un-carrier’s superior value on our best-in-class nationwide 5G network, offering much needed choice and more real competition across the wireless industry,” said Mike Sievert, CEO of T-Mobile. “Bringing together UScellular’s network resources with ours will enable us to fill gaps in connectivity that will create a better experience for all of our customers with more coverage and more capacity. And this is just some of the goodness this deal will bring. This will be a real win for consumers across the U.S.”
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We’ve updated our story too list that the 2000 towers includes a master license to them. We also updated the story to clarify that this is for the wireless service.