T-Mobile buys most of U.S. Cellular in $4.4 billion deal
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T-Mobile, the nation's second-biggest mobile carrier, plans to acquire most of U.S. Cellular in an acquisition worth $4.4 billion, the wireless carriers announced on Tuesday.
The deal involves cash and as much as $2 billion in debt, with Bellevue, Washington-based T-Mobile buying 30% of U.S. Cellular's spectrum assets as well as the regional carrier's customer accounts and retail stores.
U.S. Cellular customers will be allowed to keep their current plans or switch to a T-Mobile plan, the companies said. The transaction is expected to close in the middle of next year, pending regulatory approvals.
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