U.S. Cellular entered an agreement to sell a portion of its retained spectrum licenses to Verizon for $1 billion in cash.

The telecom company says it is continuing to cash in on spectrum not included in its proposed sale to T-Mobile.

U.S. Cellular's stock climbed 11% midday Friday. "U.S. Cellular Shares Climb 14% on Deals for Spectrum Assets," at 11:17 a.m. ET, misstated the percentage change in the headline.

United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal.

Shares of mobile provider Verizon ($VZ) are slightly higher in today’s trading after announcing that it will shell out $1 ...

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(Reuters) - United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 ...

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