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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.
MetroPCS. Metro by T-Mobile (formerly known as MetroPCS and also simply known as Metro) is an American prepaid mobile virtual network operator (MVNO) 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).
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.
Last February, the Sprint Nextel (NYS: S) board of directors nixed CEO Dan Hesse's under-the-radar plan to buy up MetroPCS (NYS: PCS) . Why? Because the board apparently wasn't happy about being ...
Perhaps one of the reasons Sprint Nextel's (NYS: S) board of directors essentially said "nay-nay" to CEO Dan Hesse's secret scheme to acquire MetroPCS (NYS: PCS) last year was their memory of ...
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.
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]
The proposed merger between MetroPCS and T-Mobile USA had to wade through acres of red tape before consummation. All the legal and regulatory hurdles have been vaulted, leaving MetroPCS ...
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