T-Mobile US, Inc. (NasdaqGS:TMUS) entered into an asset purchase agreement to acquire Beam branded spectrum licenses and leases of Shenandoah Telecommunications Company (NasdaqGS:SHEN) for $21.1 million on August 23, 2022. The consideration composed of $17.3 million cash and approximately $3.8 million of liabilities to be assumed by the wireless carrier. As a result of the Spectrum Transaction, the Company plans to cease its Beam operations at the remaining Beam fixed wireless sites upon or prior to the closing of the Spectrum Transaction. The transaction is subjected to the receipt of regulatory approvals and other customary closing conditions. The Spectrum Transaction is expected to close in the first half of 2023.

T-Mobile US, Inc. (NasdaqGS:TMUS) acquired Beam branded spectrum licenses and leases from Shenandoah Telecommunications Company (NasdaqGS:SHEN) for $21.5 million on November 7, 2022. T-Mobile US paid consideration of approximately $21.5 million, composed of $17.7 million cash and approximately $3.8 million of liabilities to be assumed by T-Mobile.