Sprint to buy PCS spectrum, 585,000 clients from U.S. Cellular

Wed Nov 7, 2012 7:47am EST

Nov 7 (Reuters) - Sprint Nextel Corp agreed to buy from United States Cellular Corp its businesses in Chicago, St. Louis, Central Illinois and three other Midwest markets for $480 million in cash and the assumption of some liabilities.

Sprint is acquiring personal communications service (PCS)spectrum, commonly used in mobile voice and data services, and about 585,000 customers, or about 10 percent of U.S. Cellular's total customer base.

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