U.S. Cellular agreed to sell a portion of its retained spectrum licenses to AT&T for a consideration of $1.02 billion.

United States Cellular (NYSE:USM) has agreed to sell a portion of its retained spectrum licenses to telecom giant AT&T ...

United States Cellular said on Thursday it has agreed to sell a portion of spectrum licenses used to transmit mobile phone signals and high-speed data services to AT&T in a $1.02 billion deal.

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The transaction is part of the regional wireless carrier's strategy to monetize its spectrum assets that were not part of the ...