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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.
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 is the third-largest wireless carrier in the United States, after Verizon and AT&T, with 31.43% of the market share as of June 13, 2024. [6] The company was founded in 1994 by John W. Stanton of the Western Wireless Corporation as VoiceStream Wireless.
David Paul Morris/Bloomberg via Getty Images By Paritosh Bansal NEW YORK -- Sprint (S) has agreed to pay about $40 a share to buy T-Mobile US (TMUS), a person familiar with the matter told Reuters ...
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 ...
Claure sold the company to join Sprint in 2014, [4] serving as Sprint's President and CEO from 2014 [5] [6] [7] until 2018, [8] and as executive chairman from 2018 [9] until 2020. [10] Credited with having "led a turnaround" at Sprint, [11] he oversaw the company's planned merger with T-Mobile USA. [8] [9] He currently sits on the board of the ...
Who owns T-Mobile? T-Mobile's largest shareholder is Deutsche Telekom AG, a German telecommunications company. KfW, Germany's state-owned bank, owns 16.63% of Deutsche Telekom AG, as of December 2023.
On April 1, 2020, Sprint completed its merger of Sprint Corporation and T-Mobile US,, which was majority-owned by Deutsche Telekom, leaving T-Mobile the parent company. The merger also led to Softbank holding 24% of the new T-Mobile's shares, while 43% of shares are held by Deutsche Telekom. The remaining 33% will be held by others.
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related to: who owns t-mobile and sprint company- 1044 Mount Vernon Ave, Columbus, OH · Directions · (614) 252-7272