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Metro by T-Mobile (formerly known as MetroPCS and also simply known as Metro) is an American prepaid wireless service provider and brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United States using code-division multiple access (CDMA). In 2013, the carrier engaged in a reverse merger with T-Mobile US; post-merger, its services were ...
T-Mobile US operates two main brands: T-Mobile and Metro by T-Mobile (acquired in a 2013 reverse takeover of MetroPCS that also led to T-Mobile's listing on the NASDAQ). In 2020, T-Mobile expanded through the acquisition of Sprint, which also made T-Mobile the operator of Assurance Wireless, a service subsidized by the federal Lifeline program.
In this video, Fool contributor Anders Bylund explains why MetroPCS merging with T-Mobile USA is good for both consumers and the industry at large -- though he's actually more interested in what ...
The wireless industry in America is ruled by AT&T , Verizon , and a handful of much smaller networks fight for scraps from the ruling duo's table. A wave of consolidation can change all of that.
Less than a week after MetroPCS shareholders approved the merger, which would give them a total cash payment of $1.5 billion, the deal is done, and T-Mo is a publicly traded company.
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.
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