Sprint Announces Plans to Buy US Cellular Customers and Spectrum for $480 Million

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  1. dgstorm
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    A deal has been struck between Sprint and US Cellular in which Sprint will acquire more spectrum and 10% of US Cellular's customers. Sprint will also need to take on some of US Cellular's “liabilities” although the specifics of that were not reported. Here is a quote with some of the details of the deal,

    Overall, this move is likely to make Sprint even stronger for the likely buyout by Softbank, and will also help strengthen Sprint's network expansion in the future.

    As an interesting sidenote: a separate report suggests that Sprint plans to drop the Nextel name after the Softbank deal goes through.

    Source: TechCrunch

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