Deals
Sprint to Buy U.S. Cellular’s Midwest Airwaves, Customers
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Sprint Nextel Corp., the third-largest U.S. wireless carrier, agreed to buy Midwestern airwaves and customers from U.S. Cellular Corp. for $480 million.
The spectrum is in the so-called PCS band and spans parts of Illinois, Indiana, Michigan, Missouri and Ohio, Sprint said today in a statement. The Overland Park, Kansas-based company plans to use the airwaves to bolster its wireless coverage as it rolls out a new network based on a technology called long-term evolution, or LTE.