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News & Insights

UScellular’s $1.018 Billion Sale of Select Spectrum Assets to AT&T

November 07, 2024

On November 7, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into an agreement with AT&T to sell a portion of the company's retained spectrum licenses for total consideration of $1.018 billion. The transaction is part of the objective UScellular announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the proposed sale to T‑Mobile; and follows the transactions previously announced on October 18, 2024, to sell a portion of the retained spectrum licenses to Verizon and two other mobile network operators. Cravath is representing the independent directors of UScellular in connection with the transaction.

The Cravath team is led by partner G.J. Ligelis Jr. and includes associates Edward O. Minturn, Jessica E. Sandor, Mariel V. Mok and Jack F. Chen on M&A matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Telecommunications
  • Technology

People

Photo
Name
G.J. Ligelis Jr.
Title
Corporate
Title
Partner
Email
gligelisjr@cravath.com
Phone
+1-212-474-1892
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    Education

    • J.D., 2009, Harvard Law School
      cum laude
    • A.B., 2006, Princeton University
      Phi Beta Kappa, magna cum laude

    Admitted In

    • New York
    Photo
    Name
    Edward O. Minturn
    Title
    Corporate
    Title
    Partner
    Email
    eminturn@cravath.com
    Phone
    +1-212-474-1630
    vCard
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      Education

      • J.D., 2016, New York University School of Law
        cum laude
      • B.A., 2013, Duke University
        with Distinction

      Admitted In

      • New York

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