With the T-Mobile Deal Nearing Completion, US Cellular's Value Sits Largely in Cash

US Cellular is nearing completion of the sale of its wireless operations and most of its spectrum licenses to T-Mobile, Verizon, and AT&T. These agreements follow a path we've long prescribed for US Cellular: carving up its assets among the large wireless companies in a way that maximizes value while minimizing the risk regulators step in. We expect these assets sales will mark the first steps toward ending US Cellular’s run as a standalone entity.