Sprint Nextel Corp. (S) said Friday it has closed its deal with U.S. Cellular Corp. (USM) to acquire 20MHz of PCS spectrum in various Midwest markets including Chicago, South Bend, Ind., and Champaign, Ill., and 10MHz of PCS spectrum in the St. Louis market.
The additional spectrum will significantly increase Sprint's network capacity and further improve the customer experience in these markets. In addition, the deal includes about 420,000 U.S. Cellular customers.
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