T-Mobile (NASDAQ: TMUS) today announced completion of its
virtualized packet core buildout across its nationwide footprint
using Cisco’s distributed software defined network (SDN)
architecture – the world’s largest, supporting more than 70 million
customers. The two companies have also signed a five-year agreement
to continue buildout of T-Mobile’s 5G Packet Core and Policy Suite,
spanning hardware, software and services.
With Cisco’s Ultra Virtual Packet Core & Policy solution,
T-Mobile can deploy 5G nationwide, while realizing the full
potential of virtualization and cloud to offer its customers new
services faster.
“This was a significant undertaking for us, shifting from a
centralized to a distributed core architecture across our
footprint, and we couldn’t have achieved that without
virtualization,” said Neville Ray, Chief Technology Officer,
T-Mobile. “This means we can further our 5G plans with more
flexibility and agility to deliver new services to our customers –
and with Sprint we’ll shift it all into overdrive!”
“The size and scope of this project with T-Mobile marks a
milestone as the largest virtual packet core operating today,”
said Jonathan Davidson, Senior Vice President, General Manager,
Service Provider Business, Cisco. “With this new virtualized
architecture with massive scale, T-Mobile can launch new services
with automated deployments, spending minutes to deploy what used to
take months.”
T-Mobile is laying the groundwork for 5G now with its rapid 600
MHz deployments. The company expects to launch 5G for customers in
2019 when smartphones become available, with nationwide coverage in
2020. For more information on T-Mobile’s network, see
www.t-mobile.com/coverage and follow Neville Ray on Twitter
(@NevilleRay) for the latest on T-Mobile’s network and 5G
buildout.
About T-Mobile US, Inc.
As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is
redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced
nationwide 4G LTE network delivers outstanding wireless experiences
to 75.6 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US
provides services through its subsidiaries and operates its
flagship brands, T-Mobile and MetroPCS. For more information,
please visit http://www.t-mobile.com.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that has
been making the Internet work since 1984. Our people, products, and
partners help society securely connect and seize tomorrow's digital
opportunity today. Discover more at newsroom.cisco.com and follow
us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks
of Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks.
Important Additional Information
In connection with the proposed transaction, T-Mobile US, Inc.
(“T-Mobile”) has filed a registration statement on Form S-4, which
contains a preliminary joint consent solicitation statement of
T-Mobile and Sprint Corporation (“Sprint”), that also constitutes a
preliminary prospectus of T-Mobile (the “joint consent solicitation
statement/prospectus”), and each party will file other documents
regarding the proposed transaction with the U.S. Securities and
Exchange Commission (the “SEC”). INVESTORS AND SECURITY HOLDERS ARE
URGED TO READ THE JOINT CONSENT SOLICITATION STATEMENT/PROSPECTUS
AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. When
final, a definitive copy of the joint consent solicitation
statement/prospectus will be sent to T-Mobile and Sprint
stockholders. Investors and security holders may obtain these
documents free of charge from the SEC’s website or from T-Mobile or
Sprint. The documents filed by T-Mobile may be obtained free of
charge at T-Mobile’s website, at www.t-mobile.com, or at the SEC’s
website, at www.sec.gov, or from T-Mobile by requesting them by
mail at T-Mobile US, Inc., Investor Relations, 1 Park Avenue, 14th
Floor, New York, NY 10016, or by telephone at 212-358-3210. The
documents filed by Sprint may be obtained free of charge at
Sprint’s website, at www.sprint.com, or at the SEC’s website, at
www.sec.gov, or from Sprint by requesting them by mail at Sprint
Corporation, Shareholder Relations, 6200 Sprint Parkway, Mailstop
KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at
913-794-1091.
Participants in the Solicitation
T-Mobile and Sprint and their respective directors and executive
officers and other members of management and employees may be
deemed to be participants in the solicitation of consents in
respect of the proposed transaction. Information about T-Mobile’s
directors and executive officers is available in T-Mobile’s proxy
statement dated April 26, 2018, for its 2018 Annual Meeting of
Stockholders. Information about Sprint’s directors and executive
officers is available in Sprint’s proxy statement dated June 26,
2018, for its 2018 Annual Meeting of Stockholders, and in Sprint’s
subsequent Current Report on Form 8-K filed with the SEC on July 2,
2018. Other information regarding the participants in the consent
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in
the joint consent solicitation statement/prospectus and other
relevant materials filed with the SEC regarding the transaction
when they become available. Investors should read the joint consent
solicitation statement/prospectus carefully before making any
voting or investment decisions. You may obtain free copies of these
documents from T-Mobile or Sprint as indicated above.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain forward-looking statements
concerning T-Mobile, Sprint and the proposed transaction between
T-Mobile and Sprint. All statements other than statements of fact,
including information concerning future results, are
forward-looking statements. These forward-looking statements are
generally identified by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could” or similar
expressions. Such forward-looking statements include, but are not
limited to, statements about the benefits of the proposed
transaction, including anticipated future financial and operating
results, synergies, accretion and growth rates, T-Mobile’s,
Sprint’s and the combined company’s plans, objectives, expectations
and intentions, and the expected timing of completion of the
proposed transaction. There are several factors which could cause
actual plans and results to differ materially from those expressed
or implied in forward-looking statements. Such factors include, but
are not limited to, the failure to obtain, or delays in obtaining,
required regulatory approvals, and the risk that such approvals may
result in the imposition of conditions that could adversely affect
the combined company or the expected benefits of the proposed
transaction, or the failure to satisfy any of the other conditions
to the proposed transaction on a timely basis or at all; the
occurrence of events that may give rise to a right of one or both
of the parties to terminate the business combination agreement;
adverse effects on the market price of T-Mobile’s or Sprint’s
common stock and on T-Mobile’s or Sprint’s operating results
because of a failure to complete the proposed transaction in the
anticipated timeframe or at all; inability to obtain the financing
contemplated to be obtained in connection with the proposed
transaction on the expected terms or timing or at all; the ability
of T-Mobile, Sprint and the combined company to make payments on
debt or to repay existing or future indebtedness when due or to
comply with the covenants contained therein; adverse changes in the
ratings of T-Mobile’s or Sprint’s debt securities or adverse
conditions in the credit markets; negative effects of the
announcement, pendency or consummation of the transaction on the
market price of T-Mobile’s or Sprint’s common stock and on
T-Mobile’s or Sprint’s operating results, including as a result of
changes in key customer, supplier, employee or other business
relationships; significant transaction costs, including financing
costs, and unknown liabilities; failure to realize the expected
benefits and synergies of the proposed transaction in the expected
timeframes or at all; costs or difficulties related to the
integration of Sprint’s network and operations into T-Mobile; the
risk of litigation or regulatory actions; the inability of
T-Mobile, Sprint or the combined company to retain and hire key
personnel; the risk that certain contractual restrictions contained
in the business combination agreement during the pendency of the
proposed transaction could adversely affect T-Mobile’s or Sprint’s
ability to pursue business opportunities or strategic transactions;
effects of changes in the regulatory environment in which T-Mobile
and Sprint operate; changes in global, political, economic,
business, competitive and market conditions; changes in tax and
other laws and regulations; and other risks and uncertainties
detailed in the Form S-4, as well as in T-Mobile’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2017 and in its
subsequent reports on Form 10-Q, including in the sections thereof
captioned “Risk Factors” and “Cautionary Statement Regarding
Forward-Looking Statements,” as well as in its subsequent reports
on Form 8-K, all of which are filed with the SEC and available at
www.sec.gov and www.t-mobile.com. Forward-looking statements are
based on current expectations and assumptions, which are subject to
risks and uncertainties that may cause actual results to differ
materially from those expressed in or implied by such
forward-looking statements. Given these risks and uncertainties,
persons reading this communication are cautioned not to place undue
reliance on such forward-looking statements. T-Mobile assumes no
obligation to update or revise the information contained in this
communication (whether as a result of new information, future
events or otherwise), except as required by applicable law.
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