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By The Online Investor Staff, updated Sat., May. 18, 9:22 AM
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Mergers & Acquisitions
| This Slide: #3 of 100 |
Slide #3. 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 Nextel is a holding company. Through its subsidiaries, Co. is a communications company providing wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers. Co. operates two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale and affiliate basis, which includes the sale of wireless services that utilize the Sprint network but are sold under the wholesaler's brand; and Wireline, which provides wireline voice and data communications services to other communications companies and targeted business and consumer subscribers.
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