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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.
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 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 .
T-Mobile US, Inc (NASDAQ:TMUS) agreed to acquire substantially all of United States Cellular Corp’s (NYSE:USM) and Telephone and Data Systems, Inc. (NYSE:TDS) wireless operations, including ...
If AT&T is unable to close its acquisition of T-Mobile, AT&T will be forced to give T-Mobile $3 billion in cash and $3 billion in spectrum and roaming deals. While that will probably prop up T ...
The news follows T-Mobile’s $1.35 billion acquisition of Ka’ena, the parent company of Mint Mobile. The U.S. Federal Communications Commission approved that deal in April. T-Mobile merged with ...
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]
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 it a force in the industry.