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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 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 .
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. [2]
In April, T-Mobile US reported first-quarter sales of $19.59 billion, down by 0.19% year-on-year, which missed the analyst consensus of $19.81 billion. It clocked EPS of $2.00, which beat the ...
September 19, 2024 at 1:50 PM. High-octane T-Mobile (TMUS) CEO Mike Sievert is back with more big promises to investors four years after his company's last capital markets day with Wall Street ...
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.
Image source: Statista. T-Mobile avoided such missteps and invested its capital in the wireless business exclusively. Its 2020 acquisition of the one-time third-largest telco, Sprint, helped make ...
Website. uscellular.com. United States Cellular Corporation (doing business as UScellular and formerly known as U.S. Cellular) is an American mobile network operator. Its stock is publicly traded, but Telephone and Data Systems Inc. owns a controlling stake (83% economic and 96% voting power). The company was formed in 1983 and is headquartered ...