AT&T Buys $1 Billion in Spectrum Licenses from US Cellular to Boost Network Reach

United States Cellular Corp (NYSE:USM) has agreed with AT&T Inc (NYSE:T) to sell a portion of its retained spectrum licenses for $1.018 billion.

The transaction aligns with UScellular's strategy, announced in May 2024, to capitalize on its remaining spectrum assets, which are not included in the proposed sale to T-Mobile US Inc (NASDAQ:TMUS).

This sale follows agreements made in October 2024 to sell other retained licenses to Verizon Communications Inc (NYSE:VZ) and two additional mobile network operators.

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Laurent C. Therivel, President and CEO of UScellular, emphasized the value generated through recent deals, noting that AT&T's inclusion as a buyer expands the roster of networks set to benefit from UScellular's assets.

Therivel expressed confidence that AT&T will utilize ...

Full story available on Benzinga.com