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U.S. Cellular Being Pressured by Investors to Sell

Article Comments  26  

Mar 13, 2009, 7:53 AM   by Eric M. Zeman   @phonescooper

U.S. Cellular's majority owner, Telephone & Data Systems (TDS), is facing shareholder pressure to sell the nation's fifth-largest wireless network to a larger telecom provider. TDS owns 81% of U.S. Cellular and could soon face a proxy battle by shareholders who want a clear strategy from TDS on its future. Some of the disgruntled shareholders include Gamco Investors and Southeastern Asset Management, which combined own about 30% of TDS. U.S. Cellular has said it will deploy LTE, which is the next-generation technology being adopted by AT&T, Verizon and others, making it a compatible acquisition target in the future. U.S. Cellular has about 6 million customers. None of the companies involved officially commented on any plans.

more info at Reuters »
more info at Phone Arena »



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Subject Author Date
Very Disturbing Azeron Mar 13, 2009, 8:46 AM
No!!! T Mobster Mar 13, 2009, 11:20 AM
  • Re: No!!! by jskrenes   Mar 14, 2009, 9:42 AM
    • Re: No!!! by Azeron   Mar 14, 2009, 4:27 PM
Sprint Needs to move KennyJ19 Mar 13, 2009, 12:06 PM
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