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T-Mobile to purchase most of U.S. Cellular

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T-Mobile has penned an agreement to buy most of U.S. Cellular in a deal valued at $4.4 billion.

The deal includes U.S. Cellular's stores, some of its wireless spectrum and its customer portfolio.

U.S. Cellular will retain 70% of its wireless spectrum, according to CNBC.

Read more from CNBC.

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