Sprint acquiring spectrum, subscribers from U.S. Cellular
Sprint has entered into a deal with U.S. Cellular which will see them acquiring both PCS spectrum and customers across a number of states. As part of the $480 million venture, Sprint will gain 20MHz of spectrum in the 1900MHz band in Midwest markets plus about 585,000 subscribers.
“This transaction will enable us to strengthen our business and become a more robust competitor,” said Dan Hesse, Sprint’s CEO. “Acquiring this spectrum will significantly increase Sprint’s network capacity and improve the customer experience in several important Midwest markets including Chicago and St. Louis.”
The deal still has to gain approval by the Department of Justice and the Federal Communications Commission and will likely not finalize until middle of next year. In the meanwhile, customers with concerns or quesions can head to USCellularinfo.com to learn more.