UScellular CEO Optimistic About Approval of T-Mobile Deal
UScellular remains focused on selling its wireless operations and about 30% of its spectrum to T-Mobile in a deal valued at about $4.4 billion, executives said during an earnings call Friday. The deal was unveiled in May (see 2405280047). UScellular…
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reported results along with parent TDS. “We’ve launched the regulatory approval process, and we remain optimistic that this process will have a favorable outcome,” UScellular CEO Laurent Therivel said on a call with analysts: “We remain convinced that the transaction with T-Mobile is the best long-term option for our customers as they will have the long-term benefits of greater scale and a more competitive network.” Therivel noted UScellular plans on selling the remainder of its spectrum holdings. “That process is active and ongoing and given the nature of that process, we don’t expect to have updates until it is concluded,” he said. TDS reported total operating revenue of $1.238 billion in Q2, down from $1.267 billion a year earlier. TDS lost $14 million, compared with a $19 million loss the previous year. UScellular said it has 134,000 fixed wireless subscribers. It plans on retaining more than 4,300 towers.