Verizon Communications to acquire spectrum assets of United States Cellular for $1bn.

Verizon Communications, a telecommunications company, agreed to acquire spectrum assets of United States Cellular, an American mobile network operator, for $1bn. "We are pleased that significant value for a portion of the remaining licenses will be realized 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 included in today's announcement," Laurent C. Therivel, UScellular President and CEO.