Shares of United States Cellular Corporation (USM) were rising more than 11 percent in pre-market on Tuesday to $48.24, after it agreed to sell its wireless operations and approximately 30 percent of its spectrum assets to T-Mobile US, Inc. (TMUS) for about $4.4 billion, a combination of cash and nearly $2 billion in debts.
UScellular will retain ownership of its other spectrum as well as its towers, with T-Mobile entering into a long-term arrangement to lease space on at least 2,100 additional towers being retained.
The transaction is expected to close in mid-2025.
USM shares had closed at $42.98, down 0.81 percent on Friday. The stock has traded in the range of $13.79 - $49.89 in the last 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.