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The Federal Communications ​Commission said Thursday ‌it has approved Verizon's (VZ.N) 2024 $1 ​billion deal ​to acquire some spectrum ⁠assets from ​U.S. Cellular to ​expand its network capacity and coverage.

Last year ​after T-Mobile (TMUS.O) ​acquired most of U.S. ‌Cellular's ⁠wireless operations and 30% of its wireless ​spectrum ​in ⁠a $4.4 billion deal, the ​remainder of ​the ⁠company changed its name to ⁠Array ​Digital Infrastructure.