T-Mobile Agrees to Acquire Sprint-branded Wireless Assets from Brookings Municipal Utilities
January 04 2021 - 4:05PM
Business Wire
Deal Brings Supercharged Un-carrier to
Southeastern South Dakota, Parts of Western Iowa
T-Mobile US, Inc. (NASDAQ: TMUS) announced today that it has
reached a definitive agreement to acquire the Sprint-branded
wireless operating assets of Brookings Municipal Utilities (BMU) in
Brookings, South Dakota. Under the former Sprint brand, BMU
operates a network of cell sites and provides wireless and data
services to approximately 14,000 customers in Sioux Falls,
Watertown, and Brookings, South Dakota and Sioux City, Iowa. The
acquisition will further expand T-Mobile’s retail distribution and
enhance network coverage in the area. The deal includes BMU’s
wireless network, retail stores, and PCS spectrum.
“T-Mobile is thrilled that we will soon be able to deliver all
the benefits of our Supercharged Un-Carrier and America’s largest
5G network to our newest wireless customers in southeastern South
Dakota and Western Iowa,” said Mike Sievert, President & Chief
Executive Officer at T-Mobile. “Once fully integrated, we will
expand our retail footprint in the area and bring T-Mobile’s
award-winning approach to service to these customers. We can’t wait
to serve them!”
Following the transaction, T-Mobile expects to fully integrate
the acquired assets into T-Mobile’s network and retail distribution
in the region. The consummation of the transaction is subject to
certain customary closing conditions and we expect the closing to
occur in Q1 2021.
About T-Mobile
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile’s customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile provides services through its
subsidiaries and operates its flagship brands, T-Mobile, Metro by
T-Mobile and Sprint. For more information please visit:
http://www.t-mobile.com.
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