According to the terms of the contract, Sprint will buy 20 MHz of PCS spectrum in the 1900 MHz band as well as a 10 MHz of PCS spectrum. It will also involve approximately 585,000 U.S. Cellular customers. For now, the deal remains a subject for approval by Department of Justice and the Federal Communications Commission. It is expected to close next year.
“This transaction will enable us to strengthen our business and become a more robust competitor,” said Dan Hesse, the CEO of Sprint. “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.”