T-Mobile And UScellular Transaction: Everybody Wins [Seeking Alpha]
United States Cellular Corporation (USM)
Last united states cellular corporation earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
investors.uscellular.com/overview/default.aspx
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Source: Seeking Alpha
T-Mobile is receiving an excellent deal on the assets while UScellular still has solid cash flow streams and additional spectrum assets to monetize. While there is downside risk from government approval, the upside potential is strong enough to rate both stocks a solid buy. T-Mobile ( NASDAQ: TMUS announced today, Tuesday, May 28th, that they will acquire the wireless business and 30% of United States Cellular's ( NYSE: USM ) spectrum holdings for $4.4 billion. Note there is also a significant impact on Telephone and Data Systems ( TDS ) as they own 83% of US Cellular. This will comprise of cash and up to $2.0 billion of US Cellular's debt. Pending regulatory approval, the deal is expected to close in mid-2025. I have been covering all three companies for a long time and it has been a fairly rough road for TDS and USM. However, the good news is that I see a rare win, win, win situation where every company and their shareholders has a chance to come out ahead. Based on two sep
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USM
News
- United States Cellular Co. (NYSE: USM) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $75.00 price target on the stock, up previously from $38.00.MarketBeat
- United States Cellular Co. (NYSE: USM) had its price target raised by analysts at JPMorgan Chase & Co. from $51.00 to $69.00. They now have an "overweight" rating on the stock.MarketBeat
- United States Cellular Corporation's (NYSE:USM) Intrinsic Value Is Potentially 88% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt [Yahoo! Finance]Yahoo! Finance
- T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt [Los Angeles Times (CA)]Los Angeles Times
USM
Earnings
- 5/3/24 - Miss
USM
Sec Filings
- 5/29/24 - Form SC
- 5/28/24 - Form 8-K
- 5/28/24 - Form 8-K
- USM's page on the SEC website