T-Mobile US to Merge With Sprint

Cleary Gottlieb is acting as antitrust counsel to T-Mobile U.S. and Deutsche Telekom in connection with T-Mobile U.S.’s merger with Sprint Corporation.

The combined company, which will be named T-Mobile and led by T-Mobile US CEO John Legere, will have an enterprise value of approximately $146 billion. The transaction was announced on April 29, 2018, and is expected to close following the fulfillment of regulatory and other closing requirements.

T-Mobile US, based in Bellevue, Washington, is a provider of wireless and other services with over 72 million customers. Sprint Corporation is a communications company headquartered in Overland Park, Kansas, and served about 55 million customers in 2017.