Sprint Acquires U.S. Cellular Spectrum and Customers in the Midwest

Posted November 7, 2012 at 11:30pm by iClarified | Please help us and submit a translation by clicking here | 6096 views

Sprint today announced that it has entered into a definitive agreement with U.S. Cellular to acquire PCS spectrum and customers in parts of Illinois, Indiana, Michigan, Missouri and Ohio including the Chicago and St. Louis markets for $480 million in cash and the assumption of certain liabilities. The additional spectrum will be used to supplement Sprint’s coverage in these areas as it continues to deploy its Network Vision upgrade and roll out 4G LTE nationally.

“This transaction will enable us to strengthen our business and become a more robust competitor,” said Dan Hesse, Sprint’s CEO. “Acquiring this spectrum will significantly increase Sprint’s network capacity and improve the customer experience in several important Midwest markets including Chicago and St. Louis. We welcome the new customers in these markets and look forward to providing them with Sprint’s unique combination of unlimited plans, an iconic device portfolio and unmatched customer service.”

Under the terms of the agreement, Sprint will acquire 20 MHz of PCS spectrum in the 1900 MHz band in various Midwest markets including Chicago, South Bend, Ind. and Champaign, Ill. and 10 MHz of PCS spectrum in the St. Louis market. In addition, the transaction involves approximately 585,000 U.S. Cellular customers. U.S Cellular will continue its business operations outside of these markets following the closing.

The transaction is subject to regulatory approvals by the Department of Justice and the Federal Communications Commission and is expected to close in mid-2013. In the meantime, the accounts and service of U.S. Cellular customers in these markets will not change. Once the transaction is closed, Sprint will provide additional information on transition plans. Customers with questions can go to USCellularinfo.com to learn more.

Softbank, a Japanese cellphone carrier, recently acquired a 70% stake in Sprint Nextel for $20 billion.

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Gwyneth - November 8, 2012 at 2:25pm
All good and well Sprint, I understand what you are trying to do for the future, But what for THE NOW NETWORK??? We are stuck with so called 3G data speeds that are getting slower and slower crawling to almost a stop, 5 bar signal strength that looses signal and drops calls so easily it is horrible. I have been with you guys before you even had 3G, even then data was faster and call quality was better. Sure getting new customers is great, how about keeping the ones you already have? You raised the price of my plan 10 bucks month since years ago for unlimited and/ or 4G data that cannot be unlimited because it seldom works and 4G data that does mot even exist. And I am supposed to be a happy loyal customer? You used to be the #1 provider in Phoenix, AZ and surroundings, USED TO BE...
Sam Weiss - November 8, 2012 at 12:48pm
I love Sprint.
ONEMANWIRELESS.com phone unlocking service - November 7, 2012 at 11:46pm
Good. The more competition the better.
iPhone - November 8, 2012 at 4:00am
That sounds like less competition.
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