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InsideArbitrage Potential Deal Alert: United States Cellular (USM) Explores Strategic Alternatives

  • August 4, 2023


StockUnited States Cellular CorporationSymbolUSM
Date Announced08/04/2023Source Press Release
TypeCompany Seeking Strategic Alternatives

The boards of directors of Telephone and Data Systems (TDS) and United States Cellular Corporation (USM) have each decided to initiate a process to explore strategic alternatives for UScellular.

United States Cellular Corporation Investor Relations

Telephone and Data Systems Investor Relations


May 9, 2024: According to WSJ, T-Mobile US (TMUS) and Verizon Communications (VZ) are in discussions to carve up U.S. Cellular (USM), in separate transactions that would give both buyers access to valuable airwaves. T-Mobile is closing in on a deal to buy a chunk of the regional carrier for more than $2 billion, taking over some operations and wireless spectrum licenses. The T-Mobile deal could be reached as soon as later this month, while discussions with Verizon on a separate transaction are expected to take longer or might not result in an agreement.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.