nited States Cellular also known as USM.N said this Thursday that they have agreed on selling a portion of the spectrum licenses that are used in order
to transmit mobile phone signals and high-speed data services to AT&T, reported Reuters.
The deal will reach $1.02 Billion, the transaction being part of the regional wireless carrier’s strategy to start monetizing its spectrum assets that initially were not part of the initial deal with T-Mobile.
US Cellular started the agreement with T-Mobile in May, allowing them to sell a great part of the wireless procedures, and 30% of the spectrum assets were valued at $4.4 billion.
Even more so, last month, US Cellular agreed to sell some of the spectrum licenses to Verizon for $1 billion. Yet, Laurent Therivel, the CEO of US Cellular said that the latest agreement “adds a fourth mobile network operator, in addition to T-Mobile, to the list of those whose subscribers will benefit from the sale of our spectrum licenses,".
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This includes the T-Mobile possible transaction, with the U.S Cellular. In this agreement, the US Celluar has agreed to monetize 70% of the total spectrum holdings this excludes high-frequency mmWave spectrum.
United States Cellular Corporation is an American multinational that was founded in 1983 and has its headquarters in Chicago, Illinois. It is one of the biggest wireless carriers in the United States and has over 4.5 million subscribers in 21 states. The company’s shares grew with 4% reaching $47.77 in premarket trading.
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