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November 8, 2012
NEW YORK (AP) — 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.
Sprint, the third-largest U.S. cellphone carrier, is buying spectrum and 585,000 customers in Illinois, Indiana, Michigan, Missouri and Ohio. That's about 10 percent of U.S. Cellular's customer base and includes its key Chicago and St. Louis markets.
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