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US Cellular (USM) said Friday it has agreed to sell some of its spectrum licenses to telecommunications giant Verizon Communications (VZ) for $1 billion in cash, subject to potential adjustments. The ...
U.S. Cellular's stock climbed 11% midday Friday. "U.S. Cellular Shares Climb 14% on Deals for Spectrum Assets," at 11:17 a.m. ET, misstated the percentage change in the headline.