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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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TracFone Wireless, Inc. (TFWI) was an American wireless service provider.It was a mobile virtual network operator offering prepaid and no-contract service on the AT&T Mobility, T-Mobile US, and Verizon networks [2] under multiple brands, including TracFone, Net10 Wireless, GoSmart Mobile, Page Plus Cellular, SafeLink Wireless, Simple Mobile, Total Wireless, and Straight Talk Wireless (in ...
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