Verizon to Buy $1 Billion of Spectrum Assets
US Cellular to sell select spectrum assets to Verizon for $1 billion
United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular's shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon.
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US Cellular to sell spectrum assets to Verizon for $1 billion
While U.S. Cellular awaits its pending sale to T-Mobile to close, the Chicago-based company has agreed to sell selected spectrum licenses for $1 billion.
US Cellular to Sell Certain Spectrum Licenses to Verizon for $1 Billion
US Cellular (USM) said Friday it has agreed to sell some of its spectrum licenses to telecommunications giant Verizon Communications (VZ) for $1 billion in cash, subject to potential adjustments. The tower operator is also selling certain spectrum licenses to two other mobile network operators.
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US Cellular to sell select spectrum assets to Verizon for $1 bln
United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal.