Announced
Completed
Synopsis
T-Mobile, a mobile telecommunication company, completed the acquisition of the wireless operations and select spectrum assets of UScellular, a mobile network operator company, and TDS, an American telecommunications company, for $4.4bn. "The closing of the sale of UScellular's wireless operations and certain spectrum assets to T-Mobile marks an important milestone in the Company's 42-year history. The successful completion of this transaction has delivered significant shareholder value and has positioned the continuing Array business with a strong balance sheet and a tower infrastructure business poised for growth and value creation. We would not have been able to achieve this transformation without the commitment and support of the entire UScellular team. We thank all of them, whether they are staying with Array, transitioning to T-Mobile, or moving on to their next chapter, for their contributions and leadership throughout the sale and integration process and wish them continued success," Walter Carlson, TDS President and CEO.
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