who-owns-sprint

Who Owns Sprint?

Business / By / August 22, 2023

T-Mobile owns Sprint, as they officially merged in 2020 in a $26 billion deal, which was initially announced in 2018. T-Mobile is primarily owned by Deutsche Telekom AG, which holds a 51.9% stake in the company. Another major institutional investor is SoftBank, with a 4.9% ownership stake. Top individual investors comprise former CEO Marcelo Claure and other executives like Beville Ray and Michael Sievert.

Key Highlights

  • T-Mobile and Sprint Merger:
    • The merger between T-Mobile and Sprint was a significant event in the telecommunications industry. It marked the combination of two major wireless carriers in the United States.
    • The merger was announced in April 2018, but it faced regulatory scrutiny and challenges. It was subject to approval from various regulatory bodies, including the Federal Communications Commission (FCC) and the Department of Justice (DOJ).
    • The primary motivation behind the merger was to create a stronger competitor in the wireless market by combining the resources and networks of both companies.
    • After gaining regulatory approval and overcoming legal challenges, T-Mobile and Sprint officially completed their merger on April 1, 2020. This resulted in the creation of a new entity with T-Mobile as the surviving brand.
  • Ownership of T-Mobile:
    • Deutsche Telekom AG, a German telecommunications company, is the majority owner of T-Mobile. Deutsche Telekom had acquired a stake in T-Mobile USA before the merger and continued to be a key player in the combined entity.
    • As of the provided information, Deutsche Telekom holds a 51.9% stake in T-Mobile. This controlling stake gives Deutsche Telekom significant influence over T-Mobile’s strategic decisions and operations.
  • Institutional Investors:
    • SoftBank, a multinational conglomerate based in Japan, is a significant institutional investor in T-Mobile. SoftBank’s investment in T-Mobile provides it with a stake in the company’s performance and growth prospects.
    • The 4.9% ownership stake held by SoftBank indicates its interest in the success of T-Mobile and its potential to benefit from the combined entity’s activities.
  • Top Individual Investors:
    • Marcelo Claure, the former CEO of Sprint, is mentioned as one of the top individual investors in T-Mobile. Claure’s involvement in the merger and his continued investment in the combined company highlight his commitment to its success.
    • Other executives like Beville Ray and Michael Sievert are also noted as holding significant stakes in T-Mobile. These individuals likely played integral roles in the merger process and the subsequent management of the merged company.

Overall, the T-Mobile and Sprint merger was a transformative event in the telecommunications industry, reshaping the landscape of wireless carriers in the United States.

The ownership structure involving Deutsche Telekom, institutional investors like SoftBank, and key individual investors underscores the importance of strategic partnerships and leadership in the success of T-Mobile as a combined entity.

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Verizon Revenue Breakdown

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verizon-employees
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who-owns-comcast
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Comcast Revenue

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comcast-profits
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sky-revenue
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comcast-advertising-revenue
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NBCUniversal Revenue

nbcuniversal-revenue
NBCUniversal’s revenue experienced modest growth from $2.1 billion in 2018 to $2.13 billion in 2019, marking an increase of approximately 1.4%. In 2020, the revenue continued to grow, reaching $2.3 billion, which represents an increase of about 8% compared to 2019. The growth persisted in 2021, with the revenue reaching $2.46 billion, an increase of approximately 7% compared to 2020. In 2022, the revenue experienced a further increase to $2.56 billion, a growth of around 4.1% compared to 2021.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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