The Sprint Corporation and T-Mobile US merger is a significant development in the telecommunications industry. The two companies announced their merger in April 2018.
The deal was valued at around $26.5 billion, with T-Mobile acquiring Sprint in an all-stock transaction. This marked a major shift in the US wireless market.
T-Mobile's CEO, John Legere, would lead the combined company, which would retain the T-Mobile brand. The merger was expected to create a stronger competitor to industry leaders Verizon and AT&T.
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Merger Details
The New T-Mobile is a supercharged Un-carrier that will deliver a transformative 5G network.
The parent of the combined company is T-Mobile US, Inc., and its shares of common stock will continue to trade on the NASDAQ Global Select Market under the symbol “TMUS”.
The combined company will operate under the name T-Mobile, and its commitment to building the world’s best broad and deep nationwide 5G network is more critical than ever.
With 14 times more capacity in six years than standalone T-Mobile has today, the New T-Mobile network will be able to offer unmatched value to consumers, with better service at lower prices.
The company will also continue to focus on its commitment to customers and being a force for good.
The enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years.
Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders.
Effective immediately, Mike Sievert will assume the role of CEO of T-Mobile, succeeding John Legere.
John Legere will continue as a member of the Board of Directors for the remainder of his current term, through the Annual Meeting of Shareholders scheduled in June 2020.
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T-Mobile US Overview
T-Mobile US is a leading wireless network operator in the United States, offering a range of services including prepaid and postpaid plans, as well as mobile broadband solutions.
The company was founded in 1994 and is headquartered in Bellevue, Washington. It has over 80 million subscribers across the country.
T-Mobile US operates on a GSM/UMTS/HSPA+/LTE network, providing 4G LTE coverage to over 99% of the US population.
Its main competitors in the US wireless market are Verizon Wireless, AT&T Mobility, and Sprint Corporation.
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Frequently Asked Questions
What happens to Sprint stock after merger?
After the merger, Sprint shareholders exchanged their Sprint shares for T-Mobile shares at a fixed ratio of 0.10256 T-Mobile shares for each Sprint share. This means that for every Sprint share, you now own approximately 9.75 T-Mobile shares.
Is my Sprint account the same as T-Mobile?
No, your Sprint account is separate from your T-Mobile account, even after the merger. You may receive a separate final bill from Sprint for your last month of service.
How much was the Sprint T-Mobile merger?
The Sprint T-Mobile merger was valued at $26.5 billion. This historic deal marked a significant shift in the wireless industry.
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