M&A Deal Summary

United States Cellular Acquires AT&T - Spectrum licenses

On November 7, 2024, United States Cellular acquired communications company AT&T - Spectrum licenses from AT&T for 1.0B USD

Acquisition Highlights
  • This is United States Cellular’s 2nd transaction in the Communications sector.
  • This is United States Cellular’s largest (disclosed) transaction.
  • This is United States Cellular’s 2nd transaction in the United States.
  • This is United States Cellular’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-11-07
Target AT&T - Spectrum licenses
Sector Communications
Buyer(s) United States Cellular
Sellers(s) AT&T
Deal Type Divestiture
Deal Value 1.0B USD

Target

AT&T - Spectrum licenses

Dallas, Texas, United States
AT&T 's Spectrum licenses include 1,250 million MHz-Pops of 3.45 GHz and 331 million MHz-Pops of 700 MHz B/C block licenses. AT&T 's Spectrum licenses are based in Dallas, Texas.

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Buyer(S) 1

Buyer

United States Cellular

Chicago, Illinois, United States
Category Company
Founded 1983
Sector Communications
Employees5,300
Revenue 3.9B USD (2023)
DESCRIPTION
US Cellular's headquarters in Chicago, Illinois.
US Cellular's headquarters in Chicago, Illinois.

United States Cellular is a provider of cellular communication to individuals and businesses and services the communication needs of mid-sized and rural markets in the US. United States Cellular was founded in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-10 PrimeCo Personal Communications

Itasca, Illinois, United States

PrimeCo Personal Communications LLC is a wireless telecommunication services provider.

Buy $610M

Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States
Category Company
Founded 1983
Sector Communications
Employees148,290
Revenue 122.4B USD (2023)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 24 of 24
Sector (Communications) 11 of 11
Type (Divestiture) 20 of 20
State (Texas) 5 of 5
Country (United States) 21 of 21
Year (2024) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 AST SpaceMobile

Midland, Texas, United States

AST SpaceMobile is a builder of a global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile was founded in 2017 and is based in Midland, Texas.

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