Sprint To Buy U.S. Cellular Assets in Midwest for $480M

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**Editor's Note: Please click here for a recap of the biggest channel-impacting mergers in Q3 2012 or here for the biggest M&A during that time in the service-provider and BSS/OSS spaces.**

Sprint has reached a deal with U.S. Cellular to acquire PCS spectrum and customers in the Midwest for $480 million in cash and the assumption of certain liabilities.

The agreement would boost Sprint's coverage in parts of Illinois, Indiana, Michigan, Missouri and Ohio, including the Chicago and St. Louis markets.

Under the terms of the agreement, Sprint will acquire 20MHz of PCS spectrum in the 1900MHz band in various Midwest markets including Chicago; South Bend, Ind.; and Champaign, Ill.; as well as 10MHz of PCS spectrum in the St. Louis market.

U.S Cellular will continue its business operations outside of these markets following the closing, which is expected by mid-2013 following regulatory approvals by the Department of Justice and the Federal Communications Commission.

In the meantime, the accounts and service of approximately 585,000 U.S. Cellular customers in these markets will not change. Once the transaction is closed, Sprint will provide additional information on transition plans.

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