On the Record · T-Mobile US
T-Mobile US acquisitions, on the record
The businesses T-Mobile US bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Wireline BusinessWord for word“In September 2022, we entered into an agreement for the sale of the Wireline Business.” 10-K for 2022 | agreed divestiture | In September 2022 | — |
Sprint CorporationWord for word“On April 1, 2020, we completed the Merger with Sprint, a communications company offering a comprehensive range of wireless and wireline communications products and services.” 10-K for 2022 | merger | On April 1, 2020 | — |
Sprint's 800 MHz spectrum (sale to DISH)Word for word“Pursuant to the DISH License Purchase Agreement, DISH has agreed to purchase all of Sprint’s 800 MHz spectrum (approximately 13.5 MHz of nationwide spectrum) for a total of approximately $3.6 billion in a transaction to be completed, subject to certain additional closing conditions, following an application for FCC approval to be filed three years following the closing of the Merger; provided, however, that if DISH breaches the DISH License Purchase agreement prior to the closing or fails to deliver the purchase price following the satisfaction or waiver of all closing conditions, DISH’s sole liability will be to pay us a fee of approximately $72 million.” 10-K for 2022 | agreed divestiture | — | approximately $3.6 billion |
Wireless Assets of ShentelWord for word“In the third quarter of 2021, we acquired 270,000 postpaid accounts through our acquisition of the Wireless Assets of Shentel.” 10-K for 2022 | acquisition | In the third quarter of 2021 | — |
Sprint wireless prepaid and Boost Mobile brandsWord for word“(3) Customers associated with the Sprint wireless prepaid and Boost Mobile brands that were divested on July 1, 2020, have been excluded from our reported customers.” 10-K for 2022 | divestiture | July 1, 2020 | — |
Ka’ena CorporationWord for word“On March 9, 2023, we entered into a Merger and Unit Purchase Agreement for the acquisition of 100% of the outstanding equity of Ka’ena Corporation and its subsidiaries including, among others, Mint Mobile LLC (collectively, “Ka’ena”), for a maximum purchase price of $1.35 billion to be paid out 39% in cash and 61% in shares of T-Mobile common stock.” 10-K for 2023 | agreed acquisition | March 9, 2023 | $1.35 billion |
UScellular wireless operationsWord for word“On May 24, 2024, we entered into a securities purchase agreement with United States Cellular Corporation (“UScellular”), Telephone and Data Systems, Inc., and USCC Wireless Holdings, LLC, pursuant to which, among other things, we will acquire 31 Table of Contents substantially all of UScellular’s wireless operations and select spectrum assets for an aggregate purchase price of approximately $4.4 billion, payable in cash and the assumption of up to $2.0 billion of debt through an exchange offer to be made to certain UScellular debtholders prior to closing.” 10-K for 2024 | agreed acquisition | May 24, 2024 | approximately $4.4 billion |
Vistar Media Inc.Word for word“On December 20, 2024, we entered into an agreement and plan of merger for the acquisition of 100% of the outstanding capital stock of Vistar Media Inc., a provider of technology solutions for digital-out-of-home advertisements, for a purchase price of approximately $625 million.” 10-K for 2024 | agreed acquisition | December 20, 2024 | approximately $625 million |
LumosWord for word“On April 24, 2024, we entered into a definitive agreement with a fund operated by EQT, Infrastructure VI fund (“Fund VI”), to establish a joint venture between us and Fund VI to acquire Lumos (“Lumos”), a fiber-to-the-home platform, from EQT’s predecessor fund, EQT Infrastructure III.” 10-K for 2024 | agreed acquisition | April 24, 2024 | — |
UScellular Wireless BusinessWord for word“In exchange, on the UScellular Acquisition Date, we transferred cash of $2.8 billion.” 10-K for 2025 | acquisition | — | $2.8 billion |
Blis Holdco LimitedWord for word“Upon the completion of certain customary closing conditions, including the receipt of certain regulatory approvals, on March 3, 2025 (the “Blis Acquisition Date”), we completed the Blis Acquisition, and as a result, Blis became a wholly owned subsidiary of T-Mobile.” 10-K for 2025 | acquisition | March 3, 2025 | — |
Ka’ena CorporationWord for word“On May 1, 2024 (the “Ka’ena Acquisition Date”), we completed the merger with Ka’ena Corporation and its subsidiaries, including, among others, Mint Mobile LLC (collectively, “Ka’ena”), and as a result, Ka’ena became a wholly owned subsidiary of T-Mobile (the “Ka’ena Acquisition”).” 10-K for 2025 | merger | May 1, 2024 | — |
Metronet Holdings, LLCWord for word“During the three months ended September 30, 2025, we invested $4.6 billion to acquire a 50% equity interest in the joint venture and 713,000 residential fiber customers.” 10-K for 2025 | acquisition | — | $4.6 billion |
Farmers Cellular Telephone Company, Inc., Iowa RSA No. 9 Limited Partnership, and Iowa RSA No. 12 Limited PartnershipWord for word“On July 22, 2025, we entered into asset purchase agreements for the acquisition of substantially all of the wireless operations assets (together with UScellular’s wireless operations and select spectrum assets, the “UScellular Wireless Business”) of each of Farmers Cellular Telephone Company, Inc., Iowa RSA No. 9 Limited Partnership, and Iowa RSA No. 12 Limited Partnership (collectively, the “Iowa Entities”) for an aggregate purchase price of $175 million payable in cash.” 10-K for 2025 | agreed acquisition | July 22, 2025 | $175 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | $338 million | $218 million |
| 2019-12-31 | $31 million | $29 million |
| 2020-12-31 | $5 billion | $9.4 billion |
| 2021-12-31 | $1.92 billion | — |
| 2022-12-31 | $52 million | $46 million |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $373 million | $771 million |
| 2025-12-31 | $3.52 billion | — |
Deal filings since 2016
- 2026-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-02-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from T-Mobile US’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.