M&A Deal Summary

T-Mobile US Acquires Continuum 700

On August 8, 2016, T-Mobile US acquired communications company Continuum 700 from Claritas Capital

Acquisition Highlights
  • This is T-Mobile US’s 6th transaction in the Communications sector.
  • This is T-Mobile US’s 6th transaction in the United States.
  • This is T-Mobile US’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2016-08-08
Target Continuum 700
Sector Communications
Buyer(s) T-Mobile US
Sellers(s) Claritas Capital
Deal Type Add-on Acquisition

Target

Continuum 700

Jackson, Mississippi, United States
Continuum 700 LLC is a company involved in providing broadband telecommunication services. Continuum is based in Jackson, Mississippi.

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Buyer(S) 1

Buyer

T-Mobile US

Bellevue, Washington, United States

Category Company
Founded 1944
Sector Communications
Employees67,000
Revenue 78.6B USD (2023)
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 7 of 12
Sector (Communications) 6 of 9
Type (Add-on Acquisition) 6 of 9
State (Mississippi) 1 of 1
Country (United States) 6 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Layer3 TV

Denver, Colorado, United States

Layer3 TV, Inc. is a next-generation cable provider putting customers first at the center of their entertainment universe. Company are committed to reinventing with new technology, new entertainment and new experiences for the living room and beyond.

Buy -

Seller(S) 1

DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 5 of 11
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (Mississippi) 1 of 1
Country (United States) 5 of 11
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Blue Chip Surgical Center Partners

Cincinnati, Ohio, United States

Blue Chip Surgical Center Partners is a developer, manages and optimizes ambulatory surgery center (ASC) businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Apcela

Reston, Virginia, United States

Apcela designs and manages software-defined, cloud-optimized networks for the digitally transforming enterprise. Apcela enables enterprises to easily manage application performance in hybrid IT environments. Apcela was founded in 2005 and is based in Reston, Virginia.

Buy -