T-mobile to Buy US Cellular’s Wireless Operations in $4.4 Billion Deal

T-mobile to Buy US Cellular’s Wireless Operations in $4.4 Billion Deal
Pedestrians walk past a T-Mobile store in New York on April 27, 2018. Lucas Jackson/Reuters
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T-Mobile will buy almost all of regional carrier United States Cellular’s wireless operations including customers, stores and 30 percent of its spectrum assets in a deal valued at $4.4 billion, the telecom giant said on Tuesday.

U.S. Cellular’s shares jumped more than 10 percent in trading before the bell and comes nearly ten months after the company said it was exploring strategic options.