USCellular has entered into an agreement with Verizon to sell a portion of its retained spectrum licenses for a cool $1 billion.
UScellular will sell Verizon 663 million MHz POPs of its Cellular (850 MHz) spectrum licenses as well as 11 million MHz POPs of its AWS and 19 million MHz POPs of its PCS licenses, assuming all the usual regulatory lights go green.
UScellular has also entered into agreements with two other unnamed operators for the sale of other spectrum licenses. These deals will involve the selling off of 12 million MHz POPs of its spectrum licenses across the CBRS, C-Band, and 700 MHz B/C Block bands to two additional mobile network operators.
‘Buyers and terms have not been disclosed,’ notes the release, as well as stipulating the transactions are ‘contingent upon the closing of the proposed sale of the UScellular wireless operations and select spectrum assets to T-Mobile.’
