Wall Street Journal Summary – T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
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Key Facts Section
- T-Mobile and Verizon Communications are negotiating to acquire parts of U.S. Cellular.
- T-Mobile is on the brink of securing a deal worth more than $2 billion for a section of U.S. Cellular, which includes some operations and wireless spectrum licenses.
- On the other hand, talks between Verizon and the regional carrier might take longer and may not result in an agreement.
Select parts of U.S. Cellular are the subject of acquisition talks between T-Mobile and Verizon Communications, according to a Wall Street Journal report. T-Mobile is close to finalizing a deal, valued at over $2 billion, that will give them a portion of U.S. Cellular, including specific operations and wireless spectrum licenses. This negotiation development caused U.S. Cellular’s shares to surge by approximately 8.6%, with each share now valued at $39.08. Meanwhile, the outcome of the discussions between Verizon and the regional carrier remains uncertain and is expected to take more time. The three companies involved have yet to comment on the situation.
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