T-Mobile Announces Deal to Acquire Most of U.S. Cellular
T-Mobile Announces Deal to Acquire Most of U.S. Cellular
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
On May 28, T-Mobile announced that it will acquire most of competitor U.S. Cellular in a massive $4.4 billion deal.
ABC reports that the deal would give T-Mobile, already one of the largest wireless providers in the United States, an additional 4 million customers.
ABC reports that the deal would give T-Mobile, already one of the largest wireless providers in the United States, an additional 4 million customers.
The deal will also see T-Mobile acquire hundreds of brick-and-mortar stores and a wider presence in rural areas.
The deal will also see T-Mobile acquire hundreds of brick-and-mortar stores and a wider presence in rural areas.
The acquisition will also expand T-Mobile's spectrum rights, a federal license permitting the transmission of mobile signals.
According to T-Mobile, the deal is expected to close sometime in the middle of 2025.
As customers from both companies will get more coverage and more capacity from our combined footprint, our competitors will be forced to keep up -- and even more consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
As customers from both companies will get more coverage and more capacity from our combined footprint, our competitors will be forced to keep up -- and even more consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
T-Mobile added that U.S. Cellular will retain control of a portion of the company's spectrum rights and cellular towers.
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According to T-Mobile, the deal will provide customers with more competitive options to the two largest U.S. wireless carriers: Verizon and AT&T.
According to T-Mobile, the deal will provide customers with more competitive options to the two largest U.S. wireless carriers: Verizon and AT&T.
By tapping into the additional capacity and coverage created through the combined spectrum and wireless assets, T-Mobile will spur competition, T-Mobile statement, via ABC.
The news comes after a series of acquisitions for T-Mobile aimed at accelerating the wireless provider's growth