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In February 2008, SunCom was acquired by T-Mobile USA, Inc., a subsidiary of Deutsche Telekom AG. The company traded on the NYSE under the TPC ticker symbol. [1] In September 2008, the SunCom brand was phased out and rebranded under the T-Mobile name.
In May 2007, Virgin Mobile USA, Inc. initiated an initial public offering (IPO) by filing with the United States Securities and Exchange Commission. [5] On October 10, 2007, Virgin Mobile's sold 27.5 million shares at US$15 per share, at the low end of the original $15–$17 prediction.
On May 3, 1999, InterCel sold its analog cellular operations to Public Service Cellular, Inc. for US$89 million. Powertel, Inc. was acquired by Deutsche Telekom AG on May 31, 2001, and was made a subsidiary of VoiceStream Wireless, Inc., which was acquired by Deutsche Telekom on the same day. [4] [5]
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.
This page was last edited on 22 April 2020, at 05:26 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may ...
John Legere (born June 4, 1958) is an American businessman, former chief executive officer (CEO) and president of T-Mobile US. He previously worked for AT&T, Dell, and Global Crossing. He resigned as CEO following the approval of the merger of T-Mobile and Sprint.
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