M&A Deal Summary

T-Mobile US Acquires Shenandoah Telecommunication - Wireless Assets

On February 2, 2021, T-Mobile US acquired communications company Shenandoah Telecommunication - Wireless Assets from Shenandoah Telecommunication for 2.0B USD

Acquisition Highlights
  • This is T-Mobile US’s 8th transaction in the Communications sector.
  • This is T-Mobile US’s 3rd largest (disclosed) transaction.
  • This is T-Mobile US’s 9th transaction in the United States.
  • This is T-Mobile US’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-02-02
Target Shenandoah Telecommunication - Wireless Assets
Sector Communications
Buyer(s) T-Mobile US
Sellers(s) Shenandoah Telecommunication
Deal Type Divestiture
Deal Value 2.0B USD

Target

Shenandoah Telecommunication - Wireless Assets

Edinburgh, Virginia, United States
Shentel’s Wireless Assets provides wireless services to customers in the Mid-Atlantic United States.

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Buyer(S) 1

Buyer

T-Mobile US

Bellevue, Washington, United States

website


Category Company
Founded 1944
Sector Communications
Employees75,000
Revenue 79.6B USD (2022)
DESCRIPTION
T-Mobile office in Parsippany, New Jersey.
T-Mobile office in Parsippany, New Jersey.

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.


DEAL STATS #
Overall 10 of 12
Sector (Communications) 8 of 9
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 9 of 11
Year (2021) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-29 Sprint

Overland Park, Kansas, United States

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.

Buy $59.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Octopus Interactive

Bethesda, Maryland, United States

Octopus Interactive helps brands reach audiences through video ads presented on screens inside rideshare vehicles, providing marketers a new way to reach consumers, and its impact is growing rapidly. Octopus Interactive was founded in 2018 and is headquartered in Bethesda, Maryland.

Buy -

Seller(S) 1

SELLER

Shenandoah Telecommunication

Edinburg, Virginia, United States

website


Category Company
Founded 1902
Sector Communications
Employees1,139
Revenue 267M USD (2022)
DESCRIPTION

Shenandoah Telecommunication is a diversified telecommunications holding company, provides both regulated and unregulated telecommunications services to end-user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, and western Maryland. Shenandoah Telecommunication was founded in 1902 and is based in Edinburg, Virginia.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Colane Cable TV

Omar, West Virginia, United States

Colane Cable TV, Inc. is a provider of cable system services. Colane serves 3,680 customers and passes 8,660 homes.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Buy $385M