Carrier Sprint today announced that it has entered into a definitive agreement with U.S. Cellular about purchasing its PCS spectrum and customers in Midwest U.S. for $480 million in cash. This effort to boost network capacity is subject to regulatory approvals and is expected to close in mid-2013. Sprint will use the additional spectrum to broaden its own coverage in these areas...
Sprint wants to buy U.S. Cellular’s spectrum and users for $480 million