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T-Mobile, Verizon in Talks to Carve up US Cellular

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May 9, 2024, 7:46 PM   by Rich Brome

The Wall Street Journal reports that US Cellular is in talks to sell its assets to T-Mobile and Verizon in two separate but related deals. The T-Mobile deal is reportedly further along and could close this month. That deal includes spectrum licenses and "some operations" for around $2 billion. The Verizon deal could take longer and is not guaranteed. The main assets of interest are spectrum licenses. US Cellular holds licenses in 30 states covering 51 million people. US Cellular's over 4000 towers are reportedly not part of either deal. It is unclear if one or both buyers would take some or all of US Cellular's customers. US Cellular is currently the largest regional wireless carrier left in the US.


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May 19, 2024, 6:32 PM


So is this a merger, a buy-out, a GSM Facilities agreement like Tmo/Cingular/ATT had, or is this just US Cellular giving up to become a virtual carrier. Either way, the thought of splitting assets and giving any of it to Verizon is just laughable. Wasn't Verizon the one who profited and benefit the most from the Alltel purchase, which was bigger than USCC at that time? Why should Verizon gain ANY EXTRA network power in the Midwest?
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