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Sprint Corporation and T-Mobile US merged in 2020 in an all shares deal for $26 billion. The deal was announced on April 29, 2018. [1][2][3] After a two-year-long approval process the merger was closed on April 1, 2020, [4][5][6] with T-Mobile emerging as the surviving brand. The Sprint brand was discontinued by T-Mobile on August 2, 2020.
T-Mobile U.S. traces its roots to the 1994 establishment of VoiceStream Wireless PCS as a subsidiary of Western Wireless Corporation.After its spin off from parent Western Wireless on May 3, 1999, VoiceStream Wireless was purchased by Deutsche Telekom AG in 2001 for $35 billion and renamed T-Mobile USA, Inc., in July 2002.
On March 20, 2011, Deutsche Telekom AG accepted a US$39 billion stock and cash purchase offer from AT&T Inc. for T-Mobile USA, Inc. According to an industry analyst, after the introduction of the iPhone in 2007, T-Mobile USA began to lose lucrative contract customers, dropping to 78.3 percent of subscribers in 2010, compared to 85% in 2006.
T-Mobile's $1.35 billion Mint Mobile deal closed in May, giving the company access to more value-conscious phone plan shoppers. The company is also looking to close on deals for fiber-optic plays ...
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Sprint Corporation. Sprint Corporation was an American telecommunications company. Before being acquired by T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. [2]
TracFone Wireless, Inc. (TFWI) is an American wireless service provider.It is a mobile virtual network operator offering prepaid and no-contract services on the Verizon network under multiple brands, including TracFone, Straight Talk Wireless, Total Wireless, Simple Mobile, SafeLink Wireless, Page Plus Cellular, Net10 Wireless, GoSmart Mobile, and Walmart Family Mobile (in partnership with ...
Leap Wireless (1999–2014) AT&T (2014–present) Website. www.cricketwireless.com. Cricket Wireless is an American prepaid wireless service provider, wholly-owned by AT&T. It provides wireless services to thirteen million subscribers in the United States as of 2022. [ 3 ] Cricket Wireless was founded in March 1999 by Leap Wireless International.