UScellular announces sale of select spectrum assets for $1.0 billion
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: PR Newswire
CHICAGO, Oct. 18, 2024 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) has entered into an agreement with Verizon Communications Inc. (NYSE, Nasdaq: VZ) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.0 billion. Additionally, UScellular has entered into agreements with two other mobile network operators for the sale of other selected spectrum licenses. The transactions are part of the objective UScellular announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the proposed sale to T-Mobile."We are pleased that significant value for a portion of the remaining licenses will be realized," said Laurent C. Therivel, President and CEO, "and, importantly, that these agreements with multiple mobile network operators ensure that this spectrum will be put to work for consumers throughout the country. We are continuing the process to opportunistically monetize the remaining spectrum assets not inclu
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USM
News
- TDS and UScellular to attend upcoming conferencesPR Newswire
- United States Cellular Co. (NYSE: USM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- UScellular announces sale of select spectrum assets to AT&T for $1.018 billionPR Newswire
- United States Cellular Co. (NYSE: USM) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating. They now have a $86.00 price target on the stock.MarketBeat
- United States Cellular Co. (NYSE: USM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
USM
Earnings
- 11/1/24 - Beat
USM
Sec Filings
- 12/10/24 - Form 8-K
- 12/4/24 - Form 4
- 11/7/24 - Form 8-K
- USM's page on the SEC website