M&A Deal Summary

Sprint Acquires Centel

On March 10, 1993, Sprint acquired communications company Centel for 4.7B USD

Acquisition Highlights
  • This is Sprint’s 1st transaction in the Communications sector.
  • This is Sprint’s 2nd largest (disclosed) transaction.
  • This is Sprint’s 1st transaction in the United States.
  • This is Sprint’s 1st transaction in Illinois.

M&A Deal Summary
Date 1993-03-10
Target Centel
Sector Communications
Buyer(s) Sprint
Deal Type Add-on Acquisition
Deal Value 4.7B USD

Target

Centel

Springfield, Illinois, United States
Centel Corporation is a telecommunications provider offering local and cellular services.

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Buyer(S) 1

Buyer

Sprint

Overland Park, Kansas, United States
Category Company
Founded 1899
Sector Communications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

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.

DEAL STATS #
Overall 1 of 13
Sector (Communications) 1 of 12
Type (Add-on Acquisition) 1 of 11
State (Illinois) 1 of 2
Country (United States) 1 of 13
Year (1993) 1 of 1
Size (of disclosed) 2 of 10
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-04 Virgin Mobile USA

Warren, New Jersey, United States

Virgin Mobile USA is a US prepaid wireless voice, messaging, and mobile broadband service provider.

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