M&A
confidence high
sentiment positive
materiality 0.85
UScellular sells spectrum to AT&T for $1.018B, contingent on T-Mobile deal
TELEPHONE & DATA SYSTEMS INC /DE/
- Sale of 1,250M MHz-Pops of 3.45 GHz and 331M MHz-Pops of 700 MHz licenses to AT&T for $1.018B cash.
- Transaction contingent on closing of pending T-Mobile sale of UScellular wireless ops and spectrum, plus regulatory approvals.
- TDS, as 83% shareholder, gave written consent; no further UScellular shareholder vote required.
- Including prior deals, UScellular has agreements to monetize ~55% of spectrum not in T-Mobile deal, total ~$2.02B.
- Post-sale, UScellular retains 1.86B MHz-Pops low/mid-band and 17.2B MHz-Pops mmWave, mostly C-band with build-out deadlines in 2029/2033.