02:12 PM EDT, 05/09/2024 (MT Newswires) -- T-Mobile US ( TMUS ) and Verizon Communications ( VZ ) are looking to buy US Cellular in separate deals, The Wall Street Journal reported Thursday, citing people familiar with the matter.

T-Mobile aims to acquire some of US Cellular's operations and wireless spectrum licenses for more than $2 billion. The transaction could be reached as soon as late May, the report said.

The Verizon talks are expected to take longer or might not result in a deal, the report added.

The companies opted for the split-sale structure to convince antitrust authorities, the report said, adding that US Cellular has a market value of about $3 billion.

T-Mobile US ( TMUS ) declined MT Newswires' request for comment, while Verizon Communications ( VZ ) and US Cellular didn't immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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