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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 US. T-Mobile US, Inc., often shortened as T-Mobile, is an American wireless network operator headquartered in Bellevue, Washington, U.S. [6] Its largest shareholder is multinational telecommunications company Deutsche Telekom AG, a German company headquartered in Bonn, Germany.
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. [3]
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.
The company’s odd Anglo-Dutch dual corporate structure is a legacy of the consumer goods giant’s beginnings. T-Mobile and Sprint — and 5 Other Surprising Company Mergers During COVID-19 Skip ...
So much for T-Mobile and Sprint enjoying a smooth merger. Wall Street Journal sources say the Department of Justice has told the carriers that their $26 billion union is "unlikely" to receive ...
Claure sold the company to join Sprint in 2014, serving as Sprint's President and CEO from 2014 until 2018, and as executive chairman from 2018 until 2020. Credited with having "led a turnaround" at Sprint, he oversaw the company's planned merger with T-Mobile USA. He currently sits on the board of the combined company.
The American telecom market is in the midst of a revolution. Today, investors have a fourth big ticker to follow in T-Mobile US , formerly known as T-Mobile USA and MetroPCS. Sprint Nextel is ...
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