The phone company said it is buying U.S. Cellular’s wireless operations and about 30% of its spectrum assets across several frequency bands for $4.4 billion.

T-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry.

T-Mobile says its proposed $4.4 billion purchase of UScellular will give cell-phone customers more benefits, but the deal could have little impact in Arizona.

To close the deal, T-Mobile will pay roughly $4.4 billion, including $2 billion in debt assumption. Shares of U.S. Cellular jumped 10 percent in premarket trading Tuesday morning,

The wireless provider T-Mobile on Tuesday unveiled plans to buy the large part of competing U.S. Cellular in a $4.4 billion deal which will give T-Mobile a further 4 million customers.

T-Mobile announced it will acquire virtually all of U.S. Cellular’s wireless operations in a $4.4 billion deal that hopes to provide better connection to people in underserved, rural parts of the country.

T-Mobile comprará las operaciones inalámbricas de U.S Cellular y algunos activos de espectro en una transacción valuada en 4.400 millones de dólares y la cual consolida aún más al sector.