UScellular to sell spectrum to Verizon for $1 billion
As UScellular proceeds with a proposed $4.4 billion acquisition of its wireless operations by T-Mobile US—which would essentially turn the mobile network operator into an infrastructure company—the last of the large regional MNOs has struck a deal to sell some of its remaining spectrum assets to Verizon for a billion dollars.
UScellular sells spectrum to Verizon in $1 billion deal
UScellular has reached a $1 billion agreement with Verizon to sell part of its spectrum holdings, the company has announced. The deal includes spectrum licences in the 850 MHz band, as well as AWS (Advanced Wireless Services; i.e., 695–2200 MHz) and PCS (Personal Communications Services; i.e.,1850–1995 MHz) licenses.
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