T-Mobile US Inc. (NASDAQ: TMUS) has announced it has completed its previously announced divestiture of Sprint´s prepaid wireless business to DISH Network Corporation (NASDAQ: DISH), the company said.
The divestiture fulfills a commitment that T-Mobile and Sprint made to the Department of Justice and to the Federal Communications Commission as part of their merger process.
The divestiture of Sprint´s prepaid business represents more than 9.3 million customers. T-Mobile will receive approximately USD 1.4B for Sprint´s prepaid business subject to a customary post-closing working capital adjustment.
T-Mobile US is America´s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. For more information visit: http://www.t-mobile.com.