U.S. Cellular to Cut 1,000 Jobs as Part of Sprint Divestiture
U.S. Cellular today explained some of the thinking behind its decision to sell about 10% of its customers in addition to select PCS wireless spectrum to Sprint. According to U.S. Cellular, the customers in the large markets it is divesting (Chicago, St. Louis, South Bend, et al.), were more costly to obtain and had a churn rate twice as high as that of other markets served by U.S. Cellular. U.S. Cellular said that it expects to close its retail stores, offices, and network centers in the markets affected, and it will not retain the employees working at those locations. Total job loses amount to more than 1,000 employees, mostly in the greater Chicago areas. U.S. Cellular will, however, keep its corporate headquarters (and about 860 jobs) in Chicago. U.S. Cellular believes that the transaction, which is valued at $480 million and still subject to regulatory approval, will allow it to better focus on expanding and improving services in markets where obtaining and retaining customers is more cost effective. U.S. Cellular expects the deal to close in mid 2013.
from U.S. Cellular
Samsung Reveals Price Points for Gear Sport Watch and Icon X Headphones
Samsung today said its Gear Sport smartwatch and Icon X 2018 headphones will be available for pre-order starting October 13, with general retail availability to follow October 27. The Gear Sport, a fitness-focused smartwatch that runs Samsung's Tizen platform, costs $299.99.
AT&T and US Cellular Propose PCS Spectrum Swap
AT&T and U.S. Cellular have asked the FCC for permission to exchange spectrum licenses in select areas around the country.
U.S. Cellular Likely to Sit Out 600MHz Spectrum Auction
U.S. Cellular CEO Ken Meyers said the company has an adequate supply of spectrum and therefore doesn't think it will be necessary to participate in the upcoming 600MHz auction.
AT&T Hopes to Score Spectrum from Cellular Properties
AT&T recently filed paperwork with the FCC seeking permission to buy some Cellular A Block and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum in question covers 11 counties and parts of two Cellular Market Areas in Illinois.
Good for Chicago customers