T-Mobile (NASDAQ:TMUS) Gains on Vistar Purchase

TipRanks02:30

T-Mobile (TMUS.US) invested $0.6 billion to acquire VistarMedia to strengthen its Business.

On Monday, T-Mobile (TMUS.US) announced that it has agreed to acquire the instant outdoor advertising technology provider Vistar Media for approximately $0.6 billion in an all-cash deal. The transaction is expected to be completed in the first quarter of this year, enhancing T-Mobile's advertising business by expanding the digital outdoor advertising market.

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