May. 14 at 8:38 PM
The FCC on Thursday approved Verizon’s
$1 billion acquisition of wireless spectrum assets from U.S. Cellular, clearing the way for the telecom giant to strengthen its network coverage and capacity across key markets.
The transaction, first announced in 2024, is part of Verizon’s broader strategy to expand spectrum holdings as demand for mobile data and 5G services continues to rise. Additional spectrum capacity is expected to improve network performance and support future wireless growth.
The approval follows a separate deal completed last year in which T-Mobile acquired most of U.S. Cellular’s wireless operations and roughly 30% of its spectrum assets for
$4.4 billion. After that transaction, the remaining business was rebranded as Array Digital Infrastructure, reflecting a shift away from its legacy wireless operations.
$VZ $TMUS