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T-Mobile Us Inc TMUS is boosting its network by acquiring United States Cellular Corp USM wireless operations and much of its spectrum assets for $4.4 billion. This aims to improve T-Mobile's coverage and capacity, reflecting its dedication to better customer service across the U.S.
T-Mobile is on the move—in terms of mergers and acquisitions.
T-Mobile (TMUS) is likely to gain significant market share by tapping into US Cellular's network for additional capacity and coverage created through the combined spectrum and wireless assets.
Two stocks hitting fresh 52-week highs today that may be catching investors' attention are T-Mobile (TMUS) and Qualcomm (QCOM).
T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry. T-Mobile would get more than 4 million new customers and control of U.S. Cellular's wireless operations and about 30% of spectrum assets across several spectrum bands.
T-Mobile is on the move—in terms of mergers and acquisitions.
T-Mobile (NASDAQ: TMUS ) stock is in the green today after the company announced a new deal to buy U.S. Cellular (NYSE: UZD ). In the $4.4 billion transaction, T-Mobile will acquire most of U.S. Cellular, including the company's stores, assets, and customers.
Bellevue, Wash.
US telco T-Mobile is to acquire US Cellular's wireless operations, network assets and a customer base of four million in a US $ 4.4 billion deal. Additionally, T-Mobile will redraw an agreement for its agreement for more than 2,000 mobile towers and extend leases for around 600 towers where it's already a tenant.
Telecommunications giant T-Mobile (TMUS) announced Tuesday that it would acquire "substantially all" of U.S. Cellular's (USM) wireless operations in a deal valued at $4.4 billion.
T-Mobile will buy most of U.S. Cellular's operations in a deal valued at $4.4 billion, both companies announced Tuesday, the latest billion-dollar transaction by the wireless carrier as it expands coverage to millions of more customers.