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

T-Mobile Acquires UScellular's Wireless Operations

August 1, 2025

Telecommunications

T-Mobile US, Inc. has completed the acquisition of substantially all of UScellular's wireless operations and specified spectrum assets for approximately $4.3 billion after adjustments, consisting of $2.6 billion in cash and about $1.7 billion in assumed debt. The deal (closed August 1, 2025) adds roughly 4.4 million customers, ~4,400 towers and valuable low-band spectrum to T‑Mobile’s network while Array Digital Infrastructure (formerly UScellular) will retain a large tower portfolio and certain spectrum holdings.

KKR and T-Mobile Joint Venture Acquires Metronet

July 24, 2024

Telecommunications

Metronet announced definitive agreements to sell the company to a joint venture between KKR and T-Mobile. After closing on July 24, 2025, Metronet became a wholesale internet services provider for its residential customers, with T-Mobile Fiber taking responsibility for residential customer acquisition, support, and customer experience, while Metronet continues to build and operate fiber infrastructure and retain its commercial services business.

DigitalBridge to Acquire Telenet's Mobile Telecommunications Tower Business in Belgium

March 25, 2022

Infrastructure

DigitalBridge Investments, LLC (an affiliate of DigitalBridge Group) has agreed to acquire Telenet Group Holding NV’s mobile telecommunications tower business (“TowerCo”) for €745 million (cash-free, debt-free). The deal will create Belgium’s first independent TowerCo, giving DigitalBridge ownership of 100% of Telenet’s tower and passive infrastructure assets, with 3,322 sites nationwide.

DPD UK Acquires CitySprint

January 11, 2022

Logistics & Distribution

DPD UK, part of DPDgroup, has completed its acquisition of CitySprint following approval from the Competition and Markets Authority. The deal brings CitySprint’s same‑day and specialist delivery network into DPDgroup, enabling cross‑selling of same‑day, next‑day and international services and expanding DPD’s service offering in the UK logistics market.

T-Mobile Acquires Octopus Interactive

January 10, 2022

Marketing & Advertising

T-Mobile (through its Marketing Solutions business) has acquired Octopus Interactive, the largest national network of interactive video screens inside Uber and Lyft vehicles. The deal brings Octopus's rideshare advertising capabilities and audience reach into T-Mobile's ad-tech offering, powering drivers' devices on T-Mobile's network and expanding Marketing Solutions' out-of-home advertising inventory.

Apax Partners and Warburg Pincus Acquire T-Mobile Netherlands for €5.1bn

September 7, 2021

Telecommunications

Funds advised by Apax Partners and Warburg Pincus have agreed to acquire T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB in a deal valuing the company at an enterprise value of €5.1 billion. Under the new ownership, T-Mobile Netherlands will become an independent Dutch company and the buyers plan to support management in accelerating network and fibre-to-the-home growth while continuing to expand its consumer and fixed-broadband customer base.