secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001051512-24-000066
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 spectrum to AT&T for $1.018B, contingent on T-Mobile deal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000066/0001051512-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000066/tds-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001051512-24-000066

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