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Oct 18 (Reuters) - United States Cellular (USM.N), opens new tab said on Friday it has agreed to sell some of its spectrum licenses to Verizon (VZ.N), opens new tab in a $1 billion deal.
Verizon Communications Inc., the biggest wireless carrier in the US, will buy some of US Cellular Corp.’s spectrum licenses for $1 billion as the tower operator sheds parts of its portfolio.
(Reuters) - United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular's shares jumped 3.9% in trading before the bell.