T-Mobile to Acquire Remaining Interest in Iowa Wireless from Aureon

T-Mobile US, Inc. (NASDAQ: TMUS) has announced it is accelerating its geographic expansion efforts in Iowa though a definitive agreement to acquire the remaining interest of Iowa Wireless (“iWireless”) from Aureon, the company said.

iWireless is a regional wireless provider serving Iowa, western Illinois, and eastern Nebraska with 103 full service company stores and authorized dealers that serve approximately 75,000 customers. This will give customers of iWireless access to all of T-Mobile´s Un-carrier benefits and America´s Best Unlimited Network.

The deal is subject to customary closing conditions including regulatory approval and is expected to close in the fourth quarter of 2017 or early 2018.

Since 2015, T-Mobile has doubled its LTE coverage and now covers 315 million people — almost every American and most of those in rural America. By the end of the year, the Un-carrier expects to expand LTE coverage to 321 million people. With its rollout of 700 MHz Extended Range LTE nearly complete, T-Mobile plans to further broaden its LTE footprint for customers with its newly acquired 600 MHz spectrum. In Iowa, T-Mobile will expand its LTE coverage this year in addition to further investment and buildout of 600 MHz in the future.

Expanding and improving the network will enable the Un-carrier to grow its distribution footprint with plans to open 3,000 stores in 2017, including 1,500 T-Mobile stores and 1,500 MetroPCS stores. In total, the company expects to have 17,000 branded locations across the country by the end of 2017.

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