AT&T spends $1.018 Billion for prime USCellular spectrum

With USCellular's agreement to sell AT&T $1.018 billion of spectrum, all three of the major mobile operators "have taken a chunk" of the rural carrier's assets. The agreement includes the sale of 1,250M MHz-Pops of 3.45 GHz and 331M MHz-Pops of 700 MHz B/C block licenses to AT&T. This spectrum will likely enable AT&T to layer in better coverage on its existing 5G footprint. The sale, once approved by regulators, will add additional spectrum to AT&T's existing bandwidth to improve overall coverage. The 700 MHz band is valuable for distance coverage.  The 3.45 GHz band adds capacity that makes it useful for a variety of applications. The AT&T deal is likely to see easy regulatory approval, said Raymond James analyst Ric Prentiss.