US Cellular pressured to sell to larger carrier
03/13, 12:20pm
US Cellular may Sell Self
US Cellular's owner TDS is being pushed to sell the company to a major carrier, multiple sources have said to Reuters. Shareholder groups like Gamco Investors and Southeastern Asset Management are both claimed to be pressuring TDS to open itself to deals in the face of crumbling market share and a likely inability to upgrade its network beyond its current 3G speeds. The two financiers combined hold nearly 30 percent of TDS' stock and so may lead a proxy war to force management to strike a deal.