Workflow
TMUS Stock Alert: T-Mobile Announces $4.4 Billion Deal to Buy U.S. Cellular
TMUST-Mobile(TMUS) investorplace.com·2024-05-28 16:21

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 4.4billiontransaction,TMobilewillacquiremostofU.S.Cellular,includingthecompanysstores,assets,andcustomers.Aspartofthedeal,TMobilewillponyupbothcashandupto4.4 billion transaction, T-Mobile will acquire most of U.S. Cellular, including the company’s stores, assets, and customers.As part of the deal, T-Mobile will pony up both cash and up to 2 billion of debt. T-Mobile will gain roughly 30% of U.S. Cellular’s wireless spectrum, which it intends to use to enhance its coverage in more rural parts of the country. Per the deal, current ...