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US Cellular To Sell Some Spectrum Licenses To AT&T For $1 Billion
U.S. Cellular has agreed to sell $1.02 billion worth of spectrum licenses to AT&T as part of its strategy to monetize its spectrum assets that were not included in an earlier $4.4 billion deal with T-Mobile. Reuters reports: Last month, U.S. Cellular agreed to sell select spectrum licenses for ...
Reuters reports: Last month, U.S. Cellular agreed to sell select spectrum licenses for $1 billion to Verizon. The latest agreement "adds a fourth mobile network operator, in addition to T-Mobile, to the list of those whose subscribers will benefit from the sale of our spectrum licenses," U.S. Cellular CEO Laurent Therivel said on Thursday. Including the proposed T-Mobile transaction, UScellular will have reached agreements to monetize approximately 70% of its total spectrum holdings (excluding mmWave), measured on a MHz-Pops basis.
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