UScellular's agreement to sell spectrum licenses to AT&T reflects its strategy to divest licenses not part of the T-Mobile deal, comprising 55% of its spectrum.
CEO Laurent C. Therivel highlighted that despite the sale, UScellular retains significant spectrum assets, including 1.86 billion MHz-POPs in low- and mid-band spectrums.
Therivel expressed confidence in AT&T's ability to utilize the spectrum in a productive way, benefiting subscribers across various communities in the U.S.
The sale agreements are subject to T-Mobile transaction closure and regulatory approvals, with some licenses contingent on a third party deal.
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