
T-Mobile announced on Tuesday its plan to acquire nearly all of United States Cellular’s (US Cellular) wireless operations in a deal valued at $4.4 billion. This strategic acquisition includes US Cellular’s customers, retail stores, and 30% of its spectrum assets, according to a report by Reuters.
The announcement led to a notable surge in US Cellular’s share price, which jumped over 10% in pre-market trading. This development comes almost ten months after US Cellular revealed it was exploring strategic alternatives to enhance its market position.
Despite selling a substantial portion of its operations, US Cellular will maintain ownership of about 70% of its spectrum, its equity-method investments, and its portfolio of 4,400 telecom towers. As part of the agreement, T-Mobile will become a long-term tenant on at least 2,600 of these towers, ensuring continued cooperation between the two companies.
Related: Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
T-Mobile has assured investors that this acquisition will not affect its financial forecasts or shareholder return program for 2024. The telecom giant anticipates generating approximately $1 billion in operational expense and capital expenditure synergies from the deal.
The transaction is set to be finalized by mid-2025, pending regulatory approvals. Importantly, US Cellular’s shareholders are not required to take any action concerning this deal, indicating a smooth transition process is expected.
Source: Reuters
Featured News
Japan’s Prime Minister Criticizes US Block on Nippon Steel-US Steel Deal
Feb 17, 2025 by
CPI
UAE Cabinet Announces New Merger Control Filing Thresholds Effective March 2025
Feb 17, 2025 by
CPI
UK Regulator Warns Topps Tiles Acquisition Could Hurt Competition
Feb 17, 2025 by
CPI
FTC Chair Andrew Ferguson Backs Trump’s Authority to Remove Commissioners
Feb 17, 2025 by
CPI
South Korea Suspends Downloads of Chinese AI App DeepSeek Over Data Privacy Concerns
Feb 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon