{"id":183597,"date":"2021-02-02T18:09:04","date_gmt":"2021-02-02T18:09:04","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=308488"},"modified":"2021-02-02T18:09:04","modified_gmt":"2021-02-02T18:09:04","slug":"t-mobile-move-for-shentel-progresses","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/02\/02\/t-mobile-move-for-shentel-progresses\/","title":{"rendered":"T-Mobile move for Shentel progresses"},"content":{"rendered":"

<\/p>\n

\tT-Mobile US agreed to pay $1.95 billion to purchase mobile assets from former Sprint partner Shenandoah Telecommunications (Shentel), settling a spat over valuation and setting the stage for the deal to close.<\/p>\n

In a regulatory filing, T-Mobile said a third-party appraisal valued Shentel\u2019s mobile business at $2.1 billion. Shentel stated in a release the final purchase price was set at 90 per cent of the total ($1.89 billion) plus additional costs related to an unrealised Sprint management fee.<\/p>\n

Other terms of the purchase agreement remain under negotiation, but the companies expect to finalise these in the current quarter and close in Q2.<\/p>\n

Shentel offers mobile coverage spanning six states and had 1.1 million subscribers as of end-Q2 2020, the most recent period for which wireless figures were available.<\/p>\n

The spat over Shentel’s valuation began when T-Mobile exercised an option to acquire the mobile business [1] in August 2020. At the time, Shentel\u00a0noted the unit generated approximately $400 million in annual revenue and had approximately 400 employees.<\/p>\n

Last month, T-Mobile agreed an acquisition of smaller Sprint affiliate Brookings Municipal Utilities [2] for an undisclosed sum.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/t-mobile-shentel-spar-over-acquisition-terms
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/t-mobile-scoops-up-assets-from-sprint-affiliate<\/p>\n\n

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T-Mobile US agreed to pay $1.95 billion to purchase mobile assets from former Sprint partner …<\/p>\n

The post T-Mobile move for Shentel progresses<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"T-Mobile move for Shentel progresses - ITTeacherITFreelance.hk","description":"T-Mobile US agreed to pay $1.95 billion to purchase mobile assets from former Sprint partner ... The post T-Mobile move for Shentel progresses appeared first on"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/183597"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=183597"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/183597\/revisions"}],"predecessor-version":[{"id":183598,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/183597\/revisions\/183598"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=183597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=183597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=183597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}