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Chicago-based U.S. Cellular Corp. said it has completed an exchange transaction with BellSouth Corp., acquiring controlling interest in a 12-market cluster that provides cellular service to most of Wisconsin and parts of northern Illinois, including Milwaukee, Madison, Appleton, Green Bay and Sheboygan, and Rockford. In exchange for these markets, U.S. Cellular has transferred to BellSouth markets in Indiana, Kentucky and Tennessee, as well as investment interests in nine other markets and an undisclosed amount of cash.
