The combination of T-Mobile Advertising
Solutions’ products and Vistar’s leading digital-out-of-home
advertising marketplace and platform will usher in a new era of
relevant, measurable and engaging ads
T-Mobile (NASDAQ: TMUS) today announced that it has entered into
a definitive agreement to acquire Vistar Media, the leading
provider of technology solutions for digital-out-of-home (DOOH)
advertisements reaching millions of consumers throughout their
daily lives.
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the full release here:
https://www.businesswire.com/news/home/20250112447594/en/
T-Mobile has entered into a definitive
agreement to acquire Vistar Media, the leading provider of
technology solutions for digital-out-of-home advertisements.
(Graphic: Business Wire)
Through the T-Mobile Advertising Solutions business, T-Mobile
will acquire all of Vistar’s industry-leading capabilities. This
includes its intelligent marketplace and technology solutions for
buying, selling and managing media campaigns across a global
network of more than 1.1 million digital screens provided by nearly
370 OOH media owners and serving more than 3,000 brand partner
advertisers.
This combination will help transform the DOOH industry by
leveraging Vistar’s end-to-end ad-tech platform and scale, together
with T-Mobile’s unique customer insights and data. As a top
marketer, connectivity provider and one of the largest physical
in-store retail media network operators, T-Mobile will help
marketers and advertisers reach consumers with more addressable and
measurable solutions, delivering greater efficiency and ROI, while
enhancing the consumer experience with more meaningful and engaging
content.
“T-Mobile is always envisioning new ways to deliver for
consumers and we see a tremendous opportunity to provide more
relevant and personalized advertising,” said JP Colaco, SVP &
Chief T-Ads Officer, T-Mobile. “Combining T-Mobile’s
customer-centric approach and its expertise as one of the nations
most scaled marketers, with Vistar’s leading out-of-home technology
means advertisers can easily place their ads where they know their
audience will be, improving every step of the customer journey.
Together with Vistar, T-Mobile will deliver advertising solutions
built by marketers, for marketers.”
“We are excited to join T-Mobile, a brand that truly understands
the power and potential of out-of-home advertising,” said Michael
Provenzano, CEO & Co-Founder of Vistar Media. “For 13 years,
Vistar has pioneered using technology and data to transform OOH
into a strategic and measurable channel. T-Mobile’s belief in the
future of OOH - and their decision to acquire Vistar - underscores
the strength of this channel. Together, we have the opportunity to
enhance our offerings for customers and partners globally, and
inspire brands to think bigger and redefine how they engage with
audiences in the real world.”
DOOH represents a unique, useful, and dynamic channel for
advertising in an increasingly digital world. According to
eMarketer’s forecast, DOOH ad spending in 2025 will account for
over one-third of the nearly $10 billion spent on OOH advertising
in the U.S. The timing is perfect for this transformation as
digital screens still represent a small percentage of the overall
OOH advertising market and are becoming more accessible.
T-Mobile will pay approximately $600 million in cash, subject to
closing adjustments. The transaction is expected to close in Q1
2025, subject to the satisfaction of customary closing conditions,
including receipt of required regulatory approvals. Post close, the
transaction is expected to be slightly accretive to EBITDA and
represents additional upside to the company’s financial guidance
shared during the company’s Capital Markets Day.
T-Mobile continues to expect to return up to $14 billion as part
of its 2025 Shareholder Return Program. Depending on the actual
timing of close for the company’s announced and still pending
transactions, along with the company’s liquidity position and other
capital allocation priorities, the company may consider allocating
additional capital to the 2025 Shareholder Return Program.
For more information on how brands can give their audiences a
better advertising experience, visit
https://www.t-mobile.com/advertising-solutions.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains certain forward-looking statements
concerning T-Mobile and the proposed transaction to acquire Vistar
Media. 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 “plan,” “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, T-Mobile’s 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 satisfy any of the 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 definitive agreements; adverse effects on the
market price of T-Mobile’s common stock and on T-Mobile’s operating
results because of a failure to complete the proposed transaction
in the anticipated timeframe or at all; negative effects of the
pendency or consummation of the proposed transaction on the market
price of T-Mobile’s common stock and on T-Mobile’s operating
results; the risk of litigation or regulatory actions; the
possibility that T-Mobile may not fully realize the projected
benefits of the proposed transaction within expected timeframes or
at all; business disruption during the pendency of or following the
proposed transaction; diversion of management time from ongoing
business operations due to the proposed transaction; the risk of
any unexpected costs or expenses resulting from the proposed
transaction; the risk that the proposed transaction and its
announcement generally could have an adverse effect on the ability
of T-Mobile or Vistar Media to retain customers and retain and hire
key personnel and maintain relationships with customers, suppliers,
employees, stockholders and other business relationships and on its
operating results and business generally; and other risks and
uncertainties detailed in T-Mobile’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2023, 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 and Form 10-Q, 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. References to our and the SEC’s website are
inactive textual references only. Information contained on our and
the SEC’s website is not incorporated by reference in this
communication and should not be considered to be a part of this
communication.
Advisors
Allen & Company LLC is serving as T-Mobile’s financial
advisor on the transaction with Cleary Gottlieb Steen &
Hamilton LLP serving as T-Mobile’s legal counsel. Global investment
bank, Canaccord Genuity, advised Vistar Media on the transaction,
with Lowenstein Sandler LLP. Serving as Vistar Media’s legal
counsel.
About T-Mobile US, Inc.
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile’s customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile provides services through its
subsidiaries and operates its flagship brands, T-Mobile, Metro by
T-Mobile, and Mint Mobile. For more information please visit:
https://www.t-mobile.com.
About Vistar Media
Vistar Media is the home of out-of-home – providing brands,
marketers and media owners with the world’s first truly intelligent
platform for buying and selling OOH. Vistar hosts the world’s most
extensive digital out-of-home inventory globally, offering the
scale, data and expertise that allow brands to capture a better
kind of attention. With a full suite of platforms to choose from –
demand-side platform, supply-side platform, ad server and Cortex
device management system – Vistar has built the world’s largest
marketplace for OOH transactions. Headquartered in New York, Vistar
has a presence in more than 30 countries, working with hundreds of
brand marketers and media owner networks to power an OOH that’s
both timeless and future-proof. For more information, visit
www.vistarmedia.com or follow us on LinkedIn and Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20250112447594/en/
T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
T-Mobile Investor Relations Contact
investor.relations@t-mobile.com https://investor.t-mobile.com
Vistar Media Relation publicrelations@vistarmedia.com
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