The deal is expected to draw more than 4 million new customers for T-Mobile while U.S. Cellular customers will be able to remain on their current plans.
T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry.
T-Mobile CEO Mike Sievert said the deal will"create a better experience for all of our customers with more coverage and more capacity." It may also signal the start of more consolidation in an industry with fewer players than ever. T-Mobile is among the more active companies in telecommunications with regard to mergers and acquisitions. In 2020 T-Mobile completed the takeover of smaller rival Sprint. And in 2013 the Federal Communications Commission approved its merger with MetroPCS Communications Inc.
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