Credit: Eric Zeman / Android Authority
- T-Mobile announced it plans to acquire most of US Cellular in a $4.4 billion deal.
- The deal includes the regional wireless carrier’s customers, stores, and about 30% of its spectrum assets.
- US Cellular customers can choose to stay on their current plan or switch to a T-Mobile plan.
T-Mobile and US Cellular announced on Tuesday that they are entering into an agreement. The deal will result in T-Mobile acquiring most of US Cellular.
In a press release, US Cellular announced that it has entered into an agreement with T-Mobile to sell its wireless operations and select spectrum assets for $4.4 billion. The deal is said to include cash and “up to approximately $2 billion of assumed debt.” Up to $100 million of this cash is contingent on certain financial and operating metrics being met between signing and closing the deal, according to US Cellular.