FCC approves Verizon's $1 billion spectrum purchase

T-Mobile US, Inc.
Verizon Communications Inc.

T-Mobile US, Inc.

TMUS

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Verizon Communications Inc.

VZ

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WASHINGTON, May 14 (Reuters) - The Federal Communications Commission said Thursday it has approved Verizon's VZ.N 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.

Last year after T-Mobile TMUS.O acquired most of U.S. Cellular's wireless operations and 30% of its wireless spectrum in a $4.4 billion deal, the remainder of the company changed its name to Array Digital Infrastructure.




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