T‑Mobile US / Deutsche Telekom Acquires Sprint from SoftBank (challenged in federal antitrust suit)

June 17, 2022

T‑Mobile US (controlled by Deutsche Telekom) completed its acquisition of Sprint, previously controlled by SoftBank Group, consolidating the U.S. wireless market from four national carriers to three. Plaintiffs filed a federal class action alleging the merger reduced competition and caused billions in higher wireless prices for consumers and businesses.

Buyers
T-Mobile US, Inc., Deutsche Telekom AG
Targets
Sprint Corporation
Sellers
SoftBank Group
Location
Kansas, United States
Transaction Type
Buyout

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