United States Cellular Corp To Sell Select Midwest Markets To Sprint Nextel Corp

United States Cellular Corp announced that it has reached a definitive agreement to sell its Chicago, St. Louis, central Illinois and three other Midwest markets (the Transaction Markets) to subsidiaries of Sprint Nextel Corporation for $480 million. The sale includes PCS spectrum and approximately 585,000 customers, or about 10% of U.S. Cellular's total customer base. The Company also announced that it will transition its Bolingbrook Customer Care Center operations to an existing vendor partner, effective Jan. 1, 2013.