Verizon Communications Inc. announced on Thursday that it has agreed to buy U.S. Cellular for $4.
4 billion in cash and stock. The move will create a nationwide wireless carrier with more than 30 million customers.
The deal is a major move for Verizon, which has been struggling to keep up with the competition. U.
Cellular is one of the smaller carriers, with only 10 million customers. However, the company has a strong network and is well-positioned in rural areas.
The deal will give Verizon a much-needed foothold in the Midwest and Southeast. It will also give it access to U.
S. Cellular’s 4G LTE network.
Verizon said that it will continue to operate U.
Cellular’s network and services after the acquisition is completed. The company also said that it will invest $5 billion in the network over the next five years.
Overall, the acquisition is a good move for Verizon. It will give the company more customers and a stronger network.
