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UScellular announces FCC approval for sale of wireless operations and select spectrum assets

1. FCC approves TDS's transaction with T-Mobile US, enhancing wireless operations. 2. TDS holds 83% stake in UScellular, indicating significant operational control. 3. TDS serves 5.5 million connections through wireless and broadband services. 4. Transaction completion depends on meeting closing conditions; risks are involved. 5. TDS has 7,800 employees, a critical asset for operational stability.

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FAQ

Why Bullish?

The FCC approval potentially boosts TDS's market position through improved wireless capabilities, akin to successful acquisitions that have historically increased stock prices, such as Verizon’s 2014 acquisition of AOL.

How important is it?

The approval of a significant M&A deal by the FCC suggests a positive future for TDS's operational profile and market expansion, directly impacting investor sentiment.

Why Short Term?

Immediate market reaction expected as transaction progresses towards closure; historical trends show investor optimism post-FCC approvals.

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USMTMUSVERZ
, /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) and Telephone and Data Systems, Inc. (NYSE: TDS) announce that the Federal Communications Commission issued an order today approving our transaction with T-Mobile US, Inc. We look forward to closing the transaction upon satisfaction of all closing conditions. About UScellular United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states. The Chicago-based company had 4,100 full- and part-time associates as of March 31, 2025. At the end of the first quarter of 2025, Telephone and Data Systems, Inc. owned approximately 83 percent of UScellular. For more information about UScellular, visit uscellular.com. About TDS Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video and voice to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom. Founded in 1969 and headquartered in Chicago, TDS employed approximately 7,800 associates as of March 31, 2025. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates, and expectations, including with respect to the expected closing date of the transaction with T-Mobile. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include but are not limited to: whether the announced transactions whereby UScellular has agreed to sell its wireless operations and selected spectrum assets will be successfully completed. Investors are encouraged to consider these and other risks and uncertainties that are more fully described under "Risk Factors" in the most recent filing of UScellular's Form 10-K, as updated by any UScellular Form 10-Q filed subsequent to such Form 10-K.  SOURCE Telephone and Data Systems, Inc. and United States Cellular Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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