secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001051512-24-000059
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular sells select spectrum assets to Verizon for $1.0B; additional sales to two other operators
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- Verizon to buy 663M MHz POPs of Cellular, 11M AWS, 19M PCS licenses for $1.0B cash, subject to adjustments.
- Agreements with two other mobile operators to sell additional 12M MHz POPs across CBRS, C-Band, 700 MHz bands.
- All transactions contingent on closing of T-Mobile purchase of UScellular wireless operations and select spectrum.
- TDS, as 82% shareholder of USCC, delivered written consent approving the Verizon deal; no shareholder vote needed.
- Following these sales, UScellular retains 3.4B MHz POPs low/mid-band and 17.2B MHz POPs mmWave spectrum for further monetization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000059/0001051512-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000059/tds-20241017.htm
  HTML page:      https://secwatch.observer/filing/0001051512-24-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer