The US Federal Communications Commission (FCC) gave its stamp of approval for T-Mobile’s $1.3 billion deal to buy Mint Mobile and Ultra Mobile.
The carrier first announced the acquisition last year.
T-Mobile officially finalized the $1.35 billion deal to acquire Mint Mobile, according to a press release from the telecom company. The deal was first announced in March 2023 but had to clear regulatory approval. The U.S. Federal Communications Commission (FCC) gave approval to the deal last week after T-Mobile pledged to let existing Mint customers switch providers for 60 days after the acquisition. T-Mobile has also pledged to keep Mint’s $15 per month deal for both new and existing...
T-Mobile US fleshed out details about its now completed $1.3 billion deal to buy Mint Mobile and Ultra Mobile, with Mint founders David Glickman and Rizwan Kassim joining its team.
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TMUS appears to be a better pick now compared to T, given the solid EPS growth in recent quarters, greater 5G coverage and robust demand for postpaid services.
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T-Mobile is set to move forward with its acquisition of Ka'ena Corp, the parent company of budget mobile service providers Mint Mobile and Ultra Mobile, after receiving the green light from the FCC.
T-Mobile has completed its acquisition of Mint Mobile, the carrier partially owned by Ryan Reynolds. In an update on Wednesday, T-Mobile says Mint Mobile will continue to offer its $15 per month / 5GB of data plan (that requires paying for three months upfront), while also offering access to some of T-Mobile’s perks rolling out now and “over the next few months.” The acquisition also includes Ka’ena Corporation, the parent company of Mint Mobile, along with the two other companies under its...
T-Mobile US (NASDAQ:TMUS – Get Free Report) had its price target lowered by TD Cowen from $204.00 to $202.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. TD Cowen’s price objective would suggest a potential upside of 23.26% from the stock’s […]
Bfsg LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 6,039 shares of the Wireless communications provider’s stock, valued at approximately $968,000. Other large investors have also recently added to or reduced their stakes in the company. BluePath Capital […]