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T-Mobile to Acquire Sprint-branded Wireless Assets from Brookings Municipal Utilities.

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TELECOMWORLDWIRE-January 5, 2021-T-Mobile to Acquire Sprint-branded Wireless Assets from Brookings Municipal Utilities

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T-Mobile US, Inc. (NASDAQ: TMUS) has announced that it has reached a definitive agreement to acquire the Sprint-branded wireless operating assets of Brookings Municipal Utilities (BMU) in Brookings, South Dakota, the company said.

Under the former Sprint brand, BMU operates a network of cell sites and provides wireless and data services to approximately 14,000 customers in Sioux Falls, Watertown, and Brookings, South Dakota and Sioux City, Iowa. The acquisition will further expand T-Mobile's retail distribution and enhance network coverage in the area. The deal includes BMU's wireless network, retail stores, and PCS spectrum.

Following the transaction, T-Mobile expects to fully integrate the acquired assets into T-Mobile's network and retail distribution in the region. The consummation of the transaction is subject to certain customary closing...

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