We know you’ve heard of Verizon and T-Mobile, as they are two of the biggest names in the wireless network market, but have you been wondering: does Verizon own T-Mobile?
If that’s a question you’ve been wondering, you’ve come to the right place, as I’m going to get into all of those details and much more below, so continue reading to learn all about it!
Does Verizon Own T-Mobile In 2024?
Verizon does not own T-Mobile in 2024. T-Mobile owns and operates its own wireless network, and recently acquired Sprint, which makes T-Mobile an even bigger competitor to Verizon than it was previously. The two companies are competing for wireless customers, best coverage options, best plans, and competing for the biggest and best 5G network.
Do you want to know more about Verizon and T-Mobile, Like if Verizon has ever tried to buy T-Mobile? If so, keep reading to find out what I’ve discovered while researching!
Who Is the Main Owner of T-Mobile?
Deutsche Telekom, known as DT, is the majority owner of T-Mobile, and is a German telecommunications conglomerate.
Who Is Bigger- Verizon or T-Mobile?
Verizon also has a much bigger company than T-Mobile, and operates at about three times the size of T-Mobile, so there is a lot of difference when it comes to the company size itself.
Additionally, Verizon has more cash liquidity than T-Mobile, with about 7% compared to the T-Mobile cash liquidity of 3%.
Who Has Better Coverage- Verizon or T-Mobile?
Verizon has better coverage than T-Mobile throughout the United States, since Verizon covers 70% of the country, and T-Mobile covers about 62% of the country.
Has Verizon Tried to Buy T-Mobile?
Verizon has not tried to purchase T-Mobile in the past, and released a statement about the T-Mobile and Sprint merger claiming that Verizon isn’t changing its mission.
Furthermore, the statement read that Verizon will continue to focus on providing the best and most reliable wireless network in the country, as it has done for the past 20 years.
Will Verizon Try to Buy T-Mobile?
There are no indications that Verizon is looking to purchase or acquire T-Mobile in any form, although we cannot speculate on the future and where these two companies will go.
In addition, there has been no indication from T-Mobile that it would want to merge with Verizon, even after merging with Sprint.
The Sprint merger makes T-Mobile the third-largest carrier behind Verizon and AT&T, so it’s unlikely we will see T-Mobile fold into Verizon in the future.
How Are Verizon and T-Mobile Similar?
Verizon and T-Mobile both sell wireless cell phones and cell phone plans to customers, and offer nationwide 4G coverage with an ever-expanding availability of 5G coverage.
Further, both companies are in the telecommunications industry, and both offer perks with select plans to entice customers, whether it’s Netflix or Disney+ subscriptions.
If you’re trying to choose between the two, there isn’t enough difference for it to matter, as both Verizon and T-Mobile offer quality service and coverage for customers in the United States.
How Are Verizon and T-Mobile Different?
There are some differences between Verizon and T-Mobile, which include the fact that Verizon offers more of a variety of plans to customers that are not Unlimited data.
For example, T-Mobile only has one plan that doesn’t include unlimited data, whereas Verizon offers a ton of plans that don’t include unlimited data.
Additionally, Verizon is the best option if you live in a rural area, because T-Mobile lacks a lot of coverage and reliability in most rural locations within America.
On top of that, data caps are better with Verizon compared to T-Mobile, so if you’re using a lot of data, then Verizon is going to be a better choice!
However, T-Mobile offers cheaper unlimited plans, free WiFi, and in-flight text capabilities, and has much faster upload and download speeds compared to Verizon.
Is It a Good Idea for Verizon to Buy T-Mobile?
It would be a great idea for Verizon to buy T-Mobile, since T-Mobile acquired Sprint, as that could make Verizon the largest cell phone provider and network in the country without a doubt!
Furthermore, the main competitor to Verizon is AT&T, so if Verizon purchased or acquired T-Mobile, it could allow Verizon to better compete with AT&T, especially in 5G.
Also, since Verizon has better rural coverage than T-Mobile, it could allow T-Mobile to utilize the Verizon technology to become an option for those in rural areas if it remained a subsidiary.
T-Mobile also has had better growth than Verizon in recent years, such as an increase in revenue over the past three years at a rate of 26.5% compared to 4% for Verizon.
Therefore, it would benefit Verizon to buy T-Mobile, which could increase its growth and revenue, since both have been lagging for Verizon recently.
Verizon does not own T-Mobile, since T-Mobile is primarily owned by Deutsche Telekom, which is a German Telecommunications company.
Additionally, T-Mobile and Sprint have merged, which puts T-Mobile in more direct competition with Verizon, although AT&T is still the main competitor to Verizon.