Verizon Spending Spree Continues: Telecom Giant To Buy $1B In US Cellular Assets

Published on October 18, 2024

Verizon Communications, on the heels of its $20 billion Frontier Communications megadeal, has agree to buy up a portion of U.S Cellular Corp.’s spectrum licenses for $1 billion as the mobile network operator sheds parts of its portfolio in preparation of its own deal to be acquired by T-Mobile.