- FCC grants approval for UScellular's sale of wireless operations to T-Mobile.
- UScellular serves 4.4 million retail connections across 21 states.
- Telephone and Data Systems owns approximately 83% of UScellular.
In a significant development for the telecommunications industry, UScellular (USM) and its parent company, Telephone and Data Systems (TDS, Financial), have received approval from the Federal Communications Commission (FCC) for their transaction with T-Mobile US, Inc. The deal involves the sale of UScellular's wireless operations and select spectrum assets, marking a major restructuring move for the company.
UScellular currently manages 4.4 million retail connections across 21 states and retains a workforce of 4,100 associates. The company, headquartered in Chicago, is predominantly owned by Telephone and Data Systems, which holds approximately 83% of its shares as of the first quarter of 2025.
UScellular's transaction with T-Mobile is set to proceed to closing upon meeting all remaining conditions. The approval marks a pivotal step in the strategic divestment aimed at optimizing business operations and assets.
Telephone and Data Systems (TDS, Financial) provides a variety of communications services, boasting a robust presence with approximately 5.5 million connections nationwide. As of March 31, 2025, TDS employs around 7,800 associates.
Investors and stakeholders are advised to consider potential risks and uncertainties associated with the completion of this transaction, as outlined in UScellular's Form 10-K and subsequent Form 10-Q filings.
