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US Cellular Surges as T-Mobile To Pay $4.4B for Most of Carrier's Operations
TMUST-Mobile(TMUS) investopedia.com·2024-05-28 14:20

Key TakeawaysT-Mobile announced an agreement Tuesday to acquire most of U.S. Cellular's wireless operations for about 4.4billion.ThedealwouldgiveT−MobilealargerfootprintamongmoreruralareasoftheU.S.U.S.Cellularsharesjumpedsoonaftertheopeningbell.TelecommunicationsgiantT−Mobile(TMUS)announcedTuesdaythatitwouldacquire"substantiallyall"ofU.S.Cellular′s(USM)wirelessoperationsinadealvaluedat4.4 billion.The deal would give T-Mobile a larger footprint among more rural areas of the U.S.U.S. Cellular shares jumped soon after the opening bell. 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. U.S. Cellular customers would receive access to T-Mobile's exp ...