T-Mobile US is a subsidiary of Deutsche Telekom AG and is one of the leading wireless service providers in the USA.
- The mobile communications provider T-Mobile US is a subsidiary of Deutsche Telekom AG and emerged in 2001 from a merger with Voice Stream.
- The T-Mobile US share is listed on the Nasdaq 100 ; the share price at the close of trading on August 18, 2020 was 116.02 US dollars.
- In April 2020, through the merger with the US competitor Sprint , T-Mobile US rose to become the second largest wireless operator in the US.
Washington - T-Mobile US Inc. is a subsidiary of Deutsche Telekom AG and one of the largest telecommunications companies in the USA . In 2001 the company emerged from the takeover of Voice Stream by Deutsche Telekom. Mike Sievert has been the CEO of the mobile operator , whose headquarters are in Bellevue , Washington , since April 1, 2020 . The company's former COO replaced the previous CEOJohn Legere (62) to head T-Mobile US, who will, however, retain a seat on the company's board of directors. At the end of 2019, T-Mobile US had around 53,000 employees and sales of 45 billion US dollars. T-Mobile US shares were listed on the New York Stock Exchange on May 1, 2013 , but then switched to the Nasdaq on October 26, 2015 . The share is listed under WKN: A1T7LU and ISIN: US8725901040 ; the price on August 18, 2020 was 116.02 US dollars. The merger with the US competitor Sprint made T-Mobile US the second largest wireless operator in the US in 2020.
T-Mobile US makes Deutsche Telekom one of the leading wireless service providers in the USA
In the course of opening up international markets around the turn of the millennium, the US market was one of Deutsche Telekom's most important goals. In autumn 2000, Telekom provided the US mobile operator Voice Stream with US $ 5 billion in order to be able to establish a nationwide network of this standard throughout the USA with additional licenses for the European mobile radio standard GSM .
Deutsche Telekom takes over Voice Stream
On June 1, 2001, Deutsche Telekom took over Voice Stream completely. In July 2002 the name was changed to T-Mobile US Incorporated . After another merger with the mobile operator metro PCS on October 3, 2012, T-Mobile US Inc. went public on May 1, 2013 on the New York Stock Exchange . The takeover of the US competitor Sprint in the spring of 2020 was the last building block so far and promoted T-Mobile US to become the second largest wireless operator in the USA. The market capitalization of the Nasdaq 100 listed company is around 110 billion US dollars (as of April 2020).
T-Mobile US - the mobile communications provider from the USA has been the growth driver of Deutsche Telekom AG for years
T-Mobile US has been one of the growth drivers of Deutsche Telekom AG for years. This is also proven by the shareof the subsidiary, which is based on the Nasdaq :
- WKN: A1T7LU
- ISIN: US8725901040
- Abbreviation: TMUS
- Rate on 08/17/2015: $ 42.00
- Exchange rate on 8/17/2020: $ 116.87
Increase in sales with prepaid
The share listed in the Nasdaq 100 has thus posted a price gain of over 178% in the past 5 years (as of August 17, 2020). After the merger with the mobile operator Sprint on April 1, 2020, T-Mobile US rose to number 2 in the US mobile communications market with more than 98 million contract customers and prepaid card holders. Although T-Mobile's profit from the takeover of Sprint fell by 88% year-on-year to 110 million US dollars, the subsidiary of Deutsche Telekom AG expects to achieve even closer market coverage in the USA through the merger , which is especially true afterwards the introduction of the new 5G mobile communications standard should pay off.
