T-Mobile US shareholders approve Sprint merger

31 Oct 2018

T-Mobile US has announced that it has received shareholder approval on proposals related to the company’s previously announced merger with Sprint Corporation. John Legere, CEO of T-Mobile, commented: ‘This is another step forward in creating the New T-Mobile, so we can deliver on our promise to bring robust competition to the 5G era, giving consumers more for less and creating jobs.’

As previously reported by TeleGeography’s CommsUpdate, T-Mobile and Sprint entered into a definitive agreement to merge in an all-stock transaction in April 2018. They seek to create a company which will be 41.7% owned by T-Mobile’s parent Deutsche Telekom (DT, which would have overall control) and 27.4% owned by Sprint parent SoftBank Group Corp, with the remaining 30.9% in free float.

United States, Deutsche Telekom (DT), SoftBank Group Corp, Sprint Corporation (now part of T-Mobile US), T-Mobile US