The Wall Street Journal reports that US Cellular is in talks to sell its assets to T-Mobile and Verizon in two separate but related deals. The T-Mobile deal is reportedly further along and could close this month. That deal includes spectrum licenses and "some operations" for around $2 billion. The Verizon deal could take longer and is not guaranteed. The main assets of interest are spectrum licenses. US Cellular holds licenses in 30 states covering 51 million people. US Cellular's over 4000 towers are reportedly not part of either deal. It is unclear if one or both buyers would take some or all of US Cellular's customers. US Cellular is currently the largest regional wireless carrier left in the US.


More...