UScellular announces FCC approval for sale of wireless operations and select spectrum assets
Rhea-AI Summary
UScellular (NYSE: USM) and Telephone and Data Systems (NYSE: TDS) have received Federal Communications Commission (FCC) approval for their transaction with T-Mobile US, Inc. The deal involves the sale of UScellular's wireless operations and select spectrum assets.
UScellular currently serves 4.4 million retail connections across 21 states and employs 4,100 associates. TDS owns approximately 83% of UScellular as of Q1 2025.
Positive
- FCC approval received for T-Mobile transaction
- Company maintains strong market presence with 4.4 million retail connections across 21 states
Negative
- Divestment of wireless operations indicates significant business restructuring
News Market Reaction
On the day this news was published, TDS gained 0.76%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
We look forward to closing the transaction upon satisfaction of all closing conditions.
About UScellular
United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states. The
About TDS
Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video and voice to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom. Founded in 1969 and headquartered in
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates, and expectations, including with respect to the expected closing date of the transaction with T-Mobile. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include but are not limited to: whether the announced transactions whereby UScellular has agreed to sell its wireless operations and selected spectrum assets will be successfully completed. Investors are encouraged to consider these and other risks and uncertainties that are more fully described under "Risk Factors" in the most recent filing of UScellular's Form 10-K, as updated by any UScellular Form 10-Q filed subsequent to such Form 10-K.
View original content:https://www.prnewswire.com/news-releases/uscellular-announces-fcc-approval-for-sale-of-wireless-operations-and-select-spectrum-assets-302503636.html
SOURCE Telephone and Data Systems, Inc. and United States Cellular Corporation
FAQ
What did the FCC approve for UScellular (NYSE: USM) in July 2025?
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