T-Mobile Launches World’s Largest Virtual Packet Core with Cisco in Preparation for 5G
T-Mobile (NASDAQ: TMUS) today announced completion of its virtualized packet core buildout across its nationwide footprint using
Cisco’s distributed software defined network (SDN) architecture – the world’s largest, supporting more than 70 million customers.
The two companies have also signed a five-year agreement to continue buildout of T-Mobile’s 5G Packet Core and Policy Suite,
spanning hardware, software and services.
With Cisco’s Ultra Virtual Packet Core & Policy solution, T-Mobile can deploy 5G nationwide, while realizing the full
potential of virtualization and cloud to offer its customers new services faster.
“This was a significant undertaking for us, shifting from a centralized to a distributed core architecture across our footprint,
and we couldn’t have achieved that without virtualization,” said Neville Ray, Chief Technology Officer, T-Mobile. “This
means we can further our 5G plans with more flexibility and agility to deliver new services to our customers – and with Sprint
we’ll shift it all into overdrive!”
“The size and scope of this project with T-Mobile marks a milestone as the largest virtual packet core operating today,” said
Jonathan Davidson, Senior Vice President, General Manager, Service Provider Business, Cisco. “With this new virtualized
architecture with massive scale, T-Mobile can launch new services with automated deployments, spending minutes to deploy what used
to take months.”
T-Mobile is laying the groundwork for 5G now with its rapid 600 MHz deployments. The company expects to launch 5G for customers
in 2019 when smartphones become available, with nationwide coverage in 2020. For more information on T-Mobile’s network, see
www.t-mobile.com/coverage and follow Neville Ray on Twitter (@NevilleRay) for the latest on T-Mobile’s network and 5G
buildout.
About T-Mobile US, Inc.
As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced nationwide 4G LTE network delivers outstanding wireless experiences to
75.6 million customers who are unwilling to compromise on quality and value. Based in Bellevue, Washington, T-Mobile US provides
services through its subsidiaries and operates its flagship brands, T-Mobile and MetroPCS. For more information, please visit
http://www.t-mobile.com.
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Important Additional Information
In connection with the proposed transaction, T-Mobile US, Inc. (“T-Mobile”) has filed a registration statement on Form S-4,
which contains a preliminary joint consent solicitation statement of T-Mobile and Sprint Corporation (“Sprint”), that also
constitutes a preliminary prospectus of T-Mobile (the “joint consent solicitation statement/prospectus”), and each party will file
other documents regarding the proposed transaction with the U.S. Securities and Exchange Commission (the “SEC”). INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. When final, a definitive copy of the joint consent
solicitation statement/prospectus will be sent to T-Mobile and Sprint stockholders. Investors and security holders may obtain these
documents free of charge from the SEC’s website or from T-Mobile or Sprint. The documents filed by T-Mobile may be obtained free of
charge at T-Mobile’s website, at
www.t-mobile.com, or at the SEC’s website, at
www.sec.gov, or from T-Mobile by requesting them by mail at T-Mobile US, Inc., Investor Relations, 1 Park Avenue, 14th Floor,
New York, NY 10016, or by telephone at 212-358-3210. The documents filed by Sprint may be obtained free of charge at Sprint’s
website, at
www.sprint.com, or at the SEC’s website, at
www.sec.gov, or from Sprint by requesting them by mail at Sprint Corporation, Shareholder Relations, 6200 Sprint Parkway,
Mailstop KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at 913-794-1091.
Participants in the Solicitation
T-Mobile and Sprint and their respective directors and executive officers and other members of management and employees may be
deemed to be participants in the solicitation of consents in respect of the proposed transaction. Information about T-Mobile’s
directors and executive officers is available in T-Mobile’s proxy statement dated April 26, 2018, for its 2018 Annual Meeting of
Stockholders. Information about Sprint’s directors and executive officers is available in Sprint’s proxy statement dated June 26,
2018, for its 2018 Annual Meeting of Stockholders, and in Sprint’s subsequent Current Report on Form 8-K filed with the SEC on July
2, 2018. Other information regarding the participants in the consent solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in the joint consent solicitation statement/prospectus and other
relevant materials filed with the SEC regarding the transaction when they become available. Investors should read the joint consent
solicitation statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these
documents from T-Mobile or Sprint as indicated above.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain forward-looking statements concerning T-Mobile, Sprint and the proposed transaction between
T-Mobile and Sprint. All statements other than statements of fact, including information concerning future results, are
forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Such forward-looking statements include, but are not limited
to, statements about the benefits of the proposed transaction, including anticipated future financial and operating results,
synergies, accretion and growth rates, T-Mobile’s, Sprint’s and the combined company’s plans, objectives, expectations and
intentions, and the expected timing of completion of the proposed transaction. There are several factors which could cause actual
plans and results to differ materially from those expressed or implied in forward-looking statements. Such factors include, but are
not limited to, the failure to obtain, or delays in obtaining, required regulatory approvals, and the risk that such approvals may
result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed
transaction, or the failure to satisfy any of the other conditions to the proposed transaction on a timely basis or at all; the
occurrence of events that may give rise to a right of one or both of the parties to terminate the business combination agreement;
adverse effects on the market price of T-Mobile’s or Sprint’s common stock and on T-Mobile’s or Sprint’s operating results because
of a failure to complete the proposed transaction in the anticipated timeframe or at all; inability to obtain the financing
contemplated to be obtained in connection with the proposed transaction on the expected terms or timing or at all; the ability of
T-Mobile, Sprint and the combined company to make payments on debt or to repay existing or future indebtedness when due or to
comply with the covenants contained therein; adverse changes in the ratings of T-Mobile’s or Sprint’s debt securities or adverse
conditions in the credit markets; negative effects of the announcement, pendency or consummation of the transaction on the market
price of T-Mobile’s or Sprint’s common stock and on T-Mobile’s or Sprint’s operating results, including as a result of changes in
key customer, supplier, employee or other business relationships; significant transaction costs, including financing costs, and
unknown liabilities; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes
or at all; costs or difficulties related to the integration of Sprint’s network and operations into T-Mobile; the risk of
litigation or regulatory actions; the inability of T-Mobile, Sprint or the combined company to retain and hire key personnel; the
risk that certain contractual restrictions contained in the business combination agreement during the pendency of the proposed
transaction could adversely affect T-Mobile’s or Sprint’s ability to pursue business opportunities or strategic transactions;
effects of changes in the regulatory environment in which T-Mobile and Sprint operate; changes in global, political, economic,
business, competitive and market conditions; changes in tax and other laws and regulations; and other risks and uncertainties
detailed in the Form S-4, as well as in T-Mobile’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and in
its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Cautionary Statement Regarding
Forward-Looking Statements,” as well as in its subsequent reports on Form 8-K, all of which are filed with the SEC and available at
www.sec.gov and
www.t-mobile.com. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and
uncertainties that may cause actual results to differ materially from those expressed in or implied by such forward-looking
statements. Given these risks and uncertainties, persons reading this communication are cautioned not to place undue reliance on
such forward-looking statements. T-Mobile assumes no obligation to update or revise the information contained in this communication
(whether as a result of new information, future events or otherwise), except as required by applicable law.
Cisco
Sara Cicero
stutzes@cisco.com
or
T-Mobile US Media Relations
MediaRelations@T-Mobile.com
or
T-Mobile Investor Relations
212-358-3210
investor.relations@t-mobile.com
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