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Recently, United States Cellular’s shares saw a significant increase of 16.7% to $42 following reports from the Wall Street Journal about potential acquisition talks with T-Mobile and Verizon Communications. T-Mobile is reportedly nearing a deal to acquire a portion of U.S. Cellular for over $2 billion, which includes taking over certain operations and wireless spectrum licenses. On the other hand, Verizon’s discussions are still ongoing and may not lead to a final agreement.
Despite this recent development, USM has experienced a 4% decline year-to-date. The market remains dynamic and full of opportunities for investors.
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