Communications Services M&A » By The Online Investor Staff, updated Mon., Mar. 8, 1:53 PM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #82. Sprint — U.S. Cellular Spectrum and Customers in the Midwest
Acquirer:
Sprint (NYSE:S)
Acquiree:
U.S. Cellular Spectrum and Customers in the Midwest
Details:
Sprint (NYSE:S) today completed its transaction with U.S. Cellular (NYSE: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 transaction includes approximately 420,000 U.S. Cellular customers.
Sprint is a holding company. Through its subsidiaries, Co. is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. Co. has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize Co.'s network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
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Avg. Broker Rec.
 
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Hold (2.33 out of 4) 100th percentile
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