08:20 AM EST, 11/07/2024 (MT Newswires) -- United States Cellular ( USM ) said Thursday it has entered into an agreement with AT&T ( T ) to sell a portion of its retained spectrum licenses for $1.02 billion.

Substantially all of the deal is contingent upon the closing of United States Cellular's ( USM ) sale of its wireless operations and select spectrum assets to T-Mobile (TMUS), United States Cellular ( USM ) said.

AT&T ( T ) did not immediately reply to a request for comment from MT Newswires.

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