Latest news with #ruralAmerica
Phone Arena
2 days ago
- Business
- Phone Arena
UScellular gets a new name once the T-Mobile deal closes August 1st
This Friday, August 1st, the transaction between T-Mobile and U.S. Cellular will close. T-Mobile is paying $2.4 billion in cash and will assume $2 billion of UScellular debt. In return, 4 million UScellular customers will move to Team Magenta, and T-Mobile will also take possession of UScellular's retail stores and 30% of its spectrum in the 600 MHz, 700 MHz A Block, PCS, AWS, 2.5 GHz, and 24 GHz (mmWave) frequencies. Thanks to the additional spectrum being received, the transaction will improve T-Mobile 's network, especially in rural America. But what will happen to UScellular, once the fifth-largest wireless carrier in the country? First of all, UScellular will be getting a new name and some new executives. As soon as the deal closes this coming Friday, Douglas W. Chambers will become the interim President and Chief Executive Officer (CEO) of the post-closing business, which will be named Array Digital Infrastructure, Inc. The company's business will focus on a portfolio of 4,400 towers owned by Array, along with its holdings of the remaining spectrum after T-Mobile takes over the agreed-upon airwaves. Chambers, currently UScellular's Executive Vice President, Chief Financial Officer and Treasurer, will oversee the operations and strategic initiatives related to the towers and the airwaves belonging to Array. Chambers says, "I am honored to assume the role of interim CEO of Array at this pivotal time for the company, We have a great opportunity ahead of us and I look forward to working with the Board and our management team to continue to strengthen our tower business, seek opportunities to monetize our retained spectrum, and work towards closing the announced spectrum transactions." As part of the shakeup, UScellular will be changing its New York Stock Exchange symbol from USM to AD. The USM symbol had been used by UScellular since it went public back in 1988. To go along with the name change, the company will introduce a new website and a new logo. The firm will remain headquartered in Chicago, Illinois. -LeRoy T. Carlson, Jr., Chairman of the Board, UScellular Following the closing of the deal on Friday, the board of directors of Array is expected to approve a special dividend of $22.50 - $23.75 per Common Share and Series A Common Share. When you switch to Total Wireless, keep your number & grab 3 mo. of 5G We may earn a commission if you make a purchase Check Out The Offer
Wall Street Journal
17-07-2025
- Business
- Wall Street Journal
GOP Reshapes Opportunity Zones to Target Trump Country
The first wave of Opportunity Zone investments sent tens of billions of dollars into urban areas, accelerating development in low-income neighborhoods already on the cusp of growth. For Opportunity Zones 2.0, Republicans reshaped the program to aid rural America, testing whether bigger tax breaks can bring investment to areas largely left behind by a program for left-behind areas.
Yahoo
09-07-2025
- Politics
- Yahoo
'Every Single Republican': Top Dem Reveals Plan To Use Trump To Beat GOP In 2026
Republicans are celebrating last week's passage of President Donald Trump's signature so-called 'big beautiful bill,' but House Minority Leader Hakeem Jeffries (D-N.Y.) said that will cost the GOP in next year's midterm elections. The bill cuts taxes for the wealthy, raises the national debt, and slashes essential services such as Medicaid. 'The one big ugly bill represents the largest cut to Medicaid in American history,' Jeffries said on MSNBC on Tuesday. 'Hospitals will close, nursing homes will shut down, community-based health clinics will be unable to operate, and people are going to die in community after community after community, including in rural America.' He said Americans don't like the bill ― polls show it's wildly unpopular ― but Republicans 'turned around and bent the knee to Donald Trump ― because that's what they do.' 'It's an embarrassment,' he said. 'And now that embarrassment will actually result in the American people being hurt in devastating ways.' Jeffries said Democrats will make sure Americans know who's responsible for this bill during next year's midterm elections. 'We are going to tattoo this disgusting abomination of a bill to the foreheads of every single Republican who voted for it,' he said. The party that wins the White House almost always loses seats during the midterm elections that follow, and already prognosticators are lining up to make similar predictions for next year given the bill's unpopularity. Fox News host Jessica Tarlov said last week that 'moderate Republicans are ensuring their retirement will come earlier than expected' due to their support for the bill. Former MSNBC host Chris Matthews said he expects Democrats to pick up between 15 and 20 seats in the House ― more than enough to give the party control. However, Democrats do face at least one obstacle: themselves. NPR reports that while Congressional Republicans have an approval rating of just 35%, support for Democrats is even lower at 27%. See Jeffries' full conversation with MSNBC's Ari Melber below:
Yahoo
07-07-2025
- Politics
- Yahoo
Gov. Beshear weighing 2028 Democratic bid for presidency
Democratic Kentucky Gov. Andy Beshear told CNN on Sunday that he was weighing a Democratic presidential bid in 2028. "Your name frequently comes up as a contender for the 2028 Democratic primary for president. You said you'll think about it after next year," CNN host Dana Bash told Beshar. "What will make you decide that that's going to be a yes, you'll run for president?" "My primary obligation and what I'm putting all my energy towards is to be the best governor of Kentucky that I can be. Next year, I'll also be the head of the Democratic Governors Association, and I think especially in these rural states where Republican governors have not spoken up whatsoever to stop this devastating bill, we're going to have strong candidates. We're going to win a lot of elections," Beshear said. Beshear also criticized the GOP's "Big, Beautiful Bill" during the interview, calling it a Republican "attack on rural America." Game On: Republicans, Democrats, Trade Fire Over Big, Beautiful Bill Beshear said he hoped the list of potential Democratic leaders would grow. Read On The Fox News App "If you asked me this question a couple of years ago, I would have said no. My family's been through a lot, but I do not want to leave a broken country to my kids or anyone else's. So, what I think is most important for 2028 is a candidate that can heal this country, that can bring people back together. So, when I sit down, I'm going to think about whether I'm that candidate or whether someone else is that candidate," Beshear added. The Democratic governor said he was going to make sure to put the country first. Dem Governor Says Newsom Shouldn't Have Hosted Bannon On Podcast These Are The Democrats Who May Run For The White House In 2028 "I'm going to make sure we're putting the country first, because my kids deserve to grow up in a country where they don't have to turn on the news every morning, even when they're on vacation and say, what the heck happened last night?" he said. Other Democrats, including Pete Buttigieg, Kamala Harris, JB Pritzker and Gavin Newsom, are also seen as potential 2028 nominees. Some senators are wary of a potential Harris run, according to a May report from The Hill. A Democratic senator who remained anonymous bluntly told The Hill, "No," when asked if Harris should run again in 2028. The senator told the outlet that Harris had her chance in 2024 before losing to President Donald Trump in article source: Gov. Beshear weighing 2028 Democratic bid for presidency
Fox News
06-07-2025
- Politics
- Fox News
Gov. Beshear weighing 2028 Democratic bid for presidency
Democratic Kentucky Gov. Andy Beshear told CNN on Sunday that he was weighing a Democratic presidential bid in 2028. "Your name frequently comes up as a contender for the 2028 Democratic primary for president. You said you'll think about it after next year," CNN host Dana Bash told Beshar. "What will make you decide that that's going to be a yes, you'll run for president?" "My primary obligation and what I'm putting all my energy towards is to be the best governor of Kentucky that I can be. Next year, I'll also be the head of the Democratic Governors Association, and I think especially in these rural states where Republican governors have not spoken up whatsoever to stop this devastating bill, we're going to have strong candidates. We're going to win a lot of elections," Beshear said. Beshear also criticized the GOP's "Big, Beautiful Bill" during the interview, calling it a Republican "attack on rural America." Beshear said he hoped the list of potential Democratic leaders would grow. "If you asked me this question a couple of years ago, I would have said no. My family's been through a lot, but I do not want to leave a broken country to my kids or anyone else's. So, what I think is most important for 2028 is a candidate that can heal this country, that can bring people back together. So, when I sit down, I'm going to think about whether I'm that candidate or whether someone else is that candidate," Beshear added. The Democratic governor said he was going to make sure to put the country first. "I'm going to make sure we're putting the country first, because my kids deserve to grow up in a country where they don't have to turn on the news every morning, even when they're on vacation and say, what the heck happened last night?" he said. Other Democrats, including Pete Buttigieg, Kamala Harris, JB Pritzker and Gavin Newsom, are also seen as potential 2028 nominees. Some senators are wary of a potential Harris run, according to a May report from The Hill. A Democratic senator who remained anonymous bluntly told The Hill, "No," when asked if Harris should run again in 2028. The senator told the outlet that Harris had her chance in 2024 before losing to President Donald Trump in November.
