TMUS quick hit: T-Mobile acquiring most of USM
T-Mobile is acquiring USM’s wireless business and most of their spectrum below 3GHz. The transaction isn’t surprising; it was anticipated in press stories three weeks ago. This is a small “tuck-in” transaction that will be modestly accretive to T-Mobile shareholders and won’t impact the Company’s ability to return $60BN in dividends and repurchases by early 2026. Our preliminary thoughts in this note.T-Mobile US provides mobile communications services, including voice, messaging and data, under its brands, T-Mobile and Metro? by T-Mobile, in the United States, Puerto Rico and the United States Virgin Islands. The company provides mobile communications services using its 4G Long-Term Evolution network and its 5G technology network. The company also provides various wireless devices, including handsets, tablets and other mobile communication devices, and accessories for sale, as well as financing through Equipment Installment Plans and leasing through JUMP! On Demand?. The company provides reinsurance for handset insurance policies and extended warranty contracts offered to its mobile communications customers.
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