T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge
Publishing timestamp: 2024-05-28 12:59:00
Summary
T-Mobile plans to acquire most of U.S. Cellular in a $4.4 billion deal, which includes wireless spectrum, towers, and customers. U.S. Cellular will retain some assets and lease space on additional towers to T-Mobile. The deal aims to improve coverage in rural areas and provide better connectivity to customers.
Sentiment: POSITIVE
Keywords: verizon communications inc, business, breaking news: business, breaking news: technology, business news, telecommunications, technology, t-mobile us inc, u.s. cellular corp,
Source: https://www.cnbc.com/2024/05/28/t-mobile-to-acquire-most-of-us-cellular-in-4point4-billion-deal.html