US Cellular to be acquired by T-Mobile and Verizon (report)

After successfully acquiring Mint Mobile for $1.3 billion, T-Mobile is now eyeing yet another regional carrier, US Cellular. The latter has been looking for potential buyers for quite a while, so it’s now just a matter of offering the right price for its assets.

According to a recent Wall Street Journal report, US Cellular is very close to be sold to two major carriers in the country: T-Mobile and Verizon. Source familiar with US Cellular’s plans claim that negotiations with T-Mobile are almost over and the Un-carrier will purchase a big chunk of US Cellular for about $2 billion.

The rest of US Cellular assets are expected to be acquired by Verizon, but negotiations have stalled for unknown reasons. Both T-Mobile and Verizon will purchase US Cellular’s operations and spectrum licenses, but the regional MVNO will get to keep all its 4,000 cell towers, which will be sold separately.

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The reason T-Mobile and Verizon both made offers for US Cellular assets is to avoid any potential antitrust concerns. If negotiations between Verizon and US Cellular fail, it’s unlikely that T-Mobile will opt to acquire all the regional carrier’s assets instead.