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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.
High-octane T-Mobile CEO Mike Sievert is back with more big promises to investors four years after his company's last capital markets day with Wall Street.The company is targeting a compound ...
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]
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.
T-Mobile (TMUS) and Sprint (S) won clearance to merge from a federal judge Tuesday, sending T-Mobile shares up 12%, and Sprint shares up 77.5% by close of trading yesterday.Rejecting arguments by ...
T-Mobile US Inc's edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the proposed transaction would ...
On 29 April 2018, T-Mobile and Sprint announced a $26 billion merger deal, with the resulting company to operate under the name T-Mobile. [58] Federal Communications Commission Chairman Ajit Pai announced that he would back the merger. On 11 February 2020, the deal was approved by a federal judge. [59]
T-Mobile (TMUS) and Sprint (S) advocate the idea that the merger would prepare the New T-Mobile to compete with arch-rivals and lead to lower prices for Americans with faster Internet speeds.