Sprint Nextel Corp agreed to purchase 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.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $5.73. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 79721696 shares of S exchange hands on a given day and today's volume is recorded at 0.
United States Cellular Corporation (U.S. Cellular) is a wireless telecommunications service provider. Shares of USM remained unchanged at $39.02. In the past year, the shares have traded as low as $36.30 and as high as $48.30. On average, 96324 shares of USM exchange hands on a given day and today's volume is recorded at 0.
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