Will the Divestiture of Spectrum Assets Propel USM's Stock Growth?

U.S. Cellular Corporation (USM) recently inked a definitive agreement with Verizon Communication, Inc. (VZ) to divest a portion of its spectrum holdings. The all-cash transaction is valued at $1 billion, subject to some potential adjustments specified in the purchase agreement, regulatory approvals and customary closing conditions. Post completion of the acquisition, Verizon will gain access to 663 million MHz POPs (MegahertzPopulation) of USM's Cellular (850 MHz) spectrum licenses, as well as 11 million MH ...