T-Mobile Buying Remainder of Iowa Wireless
T-Mobile said it's buying from Aureon the remaining parts of Iowa Wireless that it doesn't already own. T-Mobile previously took a stake in the carrier, known as iWireless. The provider has customers in Iowa, western Illinois and eastern Nebraska, with…
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103 full-service company stores and authorized dealers that have about 75,000 customers, T-Mobile said. “This will give customers of iWireless access to all of T-Mobile’s Un-carrier benefits,” T-Mobile said in a Tuesday news release. “The deal is subject to customary closing conditions including regulatory approval and is expected to close in the fourth quarter of 2017 or early 2018.” Meanwhile, as T-Mobile/Sprint merger rumors persist (see 1709260045), BTIG analyst Walter Piecyk said Wednesday that T-Mobile parent Deutsche Telekom can wait to decide on a deal. “For the past four years, naysayers have been predicting the end of T-Mobile’s ‘hot streak,’” but that isn’t going to happen soon, Piecyk wrote. “T-Mobile is not on a hot streak,” he said. “It’s called a turnaround. They now have enough scale to generate free cash flow with just 33 million post-paid phone customers and 20 million pre-paid customers. Both subscriber bases will continue to rise based on market share gains. Verizon alone has 88 million post-paid phone customers that T-Mobile has barely dented.”