Sprint buying US Cellular spectrum, customers in Midwest for $480 million; USC stock plunges

  • by: PETER SVENSSON , Associated Press
  • Updated: November 7, 2012 - 1:54 PM

NEW YORK - Sprint Nextel Corp. on Wednesday said it has agreed to buy U.S. Cellular Corp.'s service areas in the Midwest for $480 million to boost its network capacity in that region.

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