T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports [Yahoo! Finance Canada]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance Canada
Shares of the regional wireless carrier jumped about 8.6% to $39.08. T-Mobile is closing in on a deal to buy a chunk of U.S. Cellular for more than $2 billion, taking over some operations and wireless spectrum licenses, the report said citing people familiar with the matter. Verizon's talks with the regional carrier is expected to take longer and might not result in an agreement, the report added. The three companies did not immediately respond to Reuters' requests for comments. (Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)
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