M&A Deal Summary

T-Mobile US Acquires Sprint

On April 29, 2018, T-Mobile US acquired communications company Sprint from SoftBank for 59.0B USD

Acquisition Highlights
  • This is T-Mobile US’s 7th transaction in the Communications sector.
  • This is T-Mobile US’s largest (disclosed) transaction.
  • This is T-Mobile US’s 8th transaction in the United States.
  • This is T-Mobile US’s 1st transaction in Kansas.

M&A Deal Summary
Date 2018-04-29
Target Sprint
Sector Communications
Buyer(s) T-Mobile US
Sellers(s) SoftBank
Deal Type Merger
Deal Value 59.0B USD
Advisor(s) The Raine Group LLC
J.P. Morgan Securities (Financial)
Morrison & Foerster (Legal)

Target

Sprint

Overland Park, Kansas, United States
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.

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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 9 of 12
Sector (Communications) 7 of 9
Type (Merger) 2 of 2
State (Kansas) 1 of 1
Country (United States) 8 of 11
Year (2018) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Shenandoah Telecommunication - Wireless Assets

Edinburgh, Virginia, United States

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

Buy $2.0B

Seller(S) 1

SELLER

SoftBank

Tokyo, Japan
Category Company
Founded 1981
Sector Diversified
Employees80,909
Revenue 6.57T JPY (2023)
DESCRIPTION

SoftBank is a diversified telecommunications and internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broadmedia, technology services, finance, media and marketing, and other businesses. SoftBank was founded in 1981 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 16
Sector (Communications) 2 of 3
Type (Merger) 1 of 1
State (Kansas) 1 of 1
Country (United States) 3 of 10
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Wag!

San Francisco, California, United States

Wag! provides access to on-demand pet services and is transforming the pet industry by simplifying pet care. With its mobile-first platform and a foundation built on data science and automation capabilities, Wag! is consolidating the pet wellness and services industries online and through its mobile app. Wag! was founded in 2014 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Airtel Africa

Nairobi, Kenya

Airtel Africa is a telecom company that provides voice, data and mobile money services across 14 countries in Sub-Saharan Africa. The Company has operations in Chad, Democratic Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Republic of the Congo, Rwanda, Seychelles, Tanzania, Uganda and Zambia and has 100m+ subscribers across these countries. Airtel Africa was founded in 2010 and is based in Nairobi, Kenya.

Buy -
Mergr

Product

Company

Legal