June 28, 2013

T-Mobile (TMUS) agreed to buy wireless spectrum covering the Mississippi Valley region from U.S. Cellular (USM) for about $308 mil cash. The No. 4 U.S. wireless provider said the added spectrum will allow it to expand its 4G LTE network to 32 mil people. T-Mobile rose 1.1%. U.S. Cellular rose 6.3%.