Uscellular announces sale of select spectrum assets to at&t for $1.018 billion

Chicago , nov. 7, 2024 /prnewswire/ -- united states cellular corporation (nyse: usm) today has announced that it has entered into an agreement with at&t (nyse: t) to sell a portion of the company's retained spectrum licenses for total consideration of $1.018 billion.  the transaction is part of the objective uscellular announced on may 28, 2024, to opportunistically monetize the spectrum that was not included in the proposed sale to t-mobile; and follows the transactions previously announced on october 18, 2024, to sell a portion of the retained spectrum licenses to verizon and two other mobile network operators.
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