T-Mobile US, Inc., is a telecommunications firm that provides wireless services in the United States. Now that it is setting up to expand its coverage area, it is looking forward to buying parts of U.S. Cellular, including cell towers and licenses, for more than $2 billion.
US Cellular is also a kind of mobile network operator in the US but has never been one of the major or demanding providers, despite the fact the fact that the carrier has operated its network for some time and is by no means a small player.
However, the carrier has also been slowly losing subscribers over the past few years. If the reports are to be believed, it will be revealed that T-Mobile and Verizon are both trying hard to buy the network US Cellular runs.
T-Mobile is evidently ‘closing in’ on a deal valued at $2 billion, which would take over some of US Cellular’s operations and spectrum licenses. Meanwhile, Verizon is also shadowing a same deal, but while the T-Mobile deal could close as soon as this month, Verizon’s deal is further away.
The report also added that Verizon’s talks with the regional carrier are expected to take more time and probably not result in an agreement; however, the 4,000+ towers that US Cellular owns are reportedly not part of the bargain, as the wireless spectrum licenses are the key point of value.
