T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge U.S. Cellular shares soared Tuesday after T-Mobile announced it will acquire most of the company in a deal worth $4.4 billion. It plans to use the wireless company to improve coverage in rural areas.

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