T-Mobile closes UScellular deal, adds $5.5B in fiber JVs, raises dividend 16%

Filed April 28, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~1 min read

Key Changes

• high

  UScellular acquisition closed Aug 2025 for $2.8B cash plus $1.7B debt exchange; Q1 2026 integration costs $635M, targeting $1.2B annual run-rate synergies.

  MD&A: UScellular Acquisition verify on EDGAR →
• high

  Lumos ($932M invested, $500M more due 2027-2028) and Metronet ($4.6B invested) fiber JVs closed; two more announced (i3 Broadband $700M H2 2026, GoNetspeed/Greenlight $2.0B H1 2027).

  MD&A: Fiber Joint Ventures verify on EDGAR →
• high

  Quarterly dividend raised from $0.88 to $1.02 per share (16% increase); 2026 stockholder return program increased from $14.6B to $18.2B, $11.5B remaining as of April 24.

  MD&A: Capital Allocation verify on EDGAR →