01:42 PM EDT, 05/09/2024 (MT Newswires) -- T-Mobile US ( TMUS ) and Verizon Communications ( VZ ) are in talks to carve up U.S. Cellular (USM) in separate transactions, The Wall Street Journal reported.

T-Mobile's deal would see the company purchase a chunk of U.S. Cellular for more than $2 billion, The Journal reported, citing people familiar with the matter.

A T-Mobile deal could be struck as soon as later this month, while a Verizon deal is expected to take longer or might not happen, the people were quoted as saying.

(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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