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

Zacks10-22

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, ...

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The all-cash transaction is valued at $1 billion, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/divestiture-spectrum-assets-propel-usms-161400578.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the Divestiture of Spectrum Assets Propel USM's Stock Growth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill the Divestiture of Spectrum Assets Propel USM's Stock Growth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-22 00:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/divestiture-spectrum-assets-propel-usms-161400578.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/divestiture-spectrum-assets-propel-usms-161400578.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/divestiture-spectrum-assets-propel-usms-161400578.html","article_id":"2477914618","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qJ7RZm6Pf2jyEEltEItcQg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9837a8218859ec3cec67c85e34640a4f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477914618","pubTimestamp":1729527240,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"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  of USM’s Cellular  spectrum licenses, as well as 11 million MHz POPs of its AWS and 19 million MHz POPs of PCS licenses.These additional spectrum assets will likely boost Verizon’s network capacity and improve network performance with consistent connectivity and better coverage. This will strengthen VZ’s position in a highly competitive and saturated U.S. wireless market. Telephone and Data Systems, Inc., which owns 82% share in U.S. Cellular has provided approval for the transaction.Apart from this, U.S. Cellular has also opted to divest some other selected spectrum licenses t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4515":"5G概念","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4018":"居家用品","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","SPB":"Spectrum Brands Holdings","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","BK4132":"无线电信业务","BK4559":"巴菲特持仓","VZ":"威瑞森","BK4588":"碎股","BK4550":"红杉资本持仓","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","UI":"厄比奎蒂","BK4079":"房地产服务","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4115":"综合电信业务","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4551":"寇图资本持仓","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","BK4581":"高盛持仓","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BK4020":"通信设备","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4548":"巴美列捷福持仓","ZG":"Zillow Class A","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BK4534":"瑞士信贷持仓","USM":"美国无线电话","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4532":"文艺复兴科技持仓","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC"},"translate_title":"频谱资产剥离会推动USM股票增长吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZG":1,"USM":1,"UI":1,"SPB":1,"VZ":0.9},"content_text":"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 (Megahertz-Population) of USM’s Cellular (850 MHz) spectrum licenses, as well as 11 million MHz POPs of its AWS and 19 million MHz POPs of PCS licenses. These additional spectrum assets will likely boost Verizon’s network capacity and improve network performance with consistent connectivity and better coverage. This will strengthen VZ’s position in a highly competitive and saturated U.S. wireless market. Telephone and Data Systems, Inc., which owns 82% share in U.S. Cellular has provided approval for the transaction. Apart from this, U.S. Cellular has also opted to divest some other selected spectrum licenses to two other mobile network operators. Following the closure of these deals, USM will retain several low and mid-band spectrums (700 MHz, 3.45GHz, CBRS and C-Band) and mmWave spectrum.\nWill This Move Drive USM’s Share Performance?\nU.S. Cellular is one of the largest wireless service providers with 4.5 million retail connections in 21 states. The company is taking several initiatives to enhance efficiency and drive cost optimization across its operations.Earlier this year, the company inked a definitive agreement with T-Mobile. Per the deal, TMUS is set to acquire USM’s wireless operations along with 30% of its spectrum assets. TMUS will pay $4.4 billion, which includes a combination of cash and up to $2 billion of assumed debt. This transaction will likely close midway in 2025. In May 2024, USM revealed the company’s intention to opportunistically monetize its spectrum holdings, which was not part of the TMUS deal. The recent agreements with Verizon and other mobile network operators perfectly align with that strategy. This initiative will enable USM to reduce its debt burden, improve liquidity and accelerate investments in network advancements.This is worth mentioning that the agreement with Verizon and other network operators cannot be accomplished until TMUS completes the acquisition of its USM spectrum in mid-2025.\nUSM’s Stock Price Movement\nShares of USM have gained 52.2% in the past year compared with the industry’s growth of 50.4%.\nImage Source: Zacks Investment Research\nUSM’s Zacks Rank and Key Picks\nUSM currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry have been discussed below.Zillow Group, Inc. ZG carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.In the last reported quarter, it delivered an earnings surprise of 25.81%. ZG delivered an earnings surprise of 37.41%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in multi and single-family listings, which is a positive factor. Ubiquiti Inc. UI sports a Zacks Rank of 1 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps UI to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved UI’s visibility for future demand and inventory management techniques.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nUnited States Cellular Corporation (USM) : Free Stock Analysis Report\nVerizon Communications Inc. (VZ) : Free Stock Analysis Report\nZillow Group, Inc. (ZG) : Free Stock Analysis Report\nUbiquiti Inc. (UI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477914618"}