Market Overview

T-Mobile and Nokia Ink $3.5 Billion, Multi-year 5G Network Agreement


Nokia's largest 5G agreement globally will provide end-to-end 5G
solutions for T-Mobile's nationwide 5G network

and Nokia today announced a landmark $3.5 billion agreement to
accelerate the deployment of a nationwide 5G network. Nokia will provide
T-Mobile with its complete end-to-end 5G technology, software and
services portfolio, assisting the Un-carrier in its efforts to bring its
5G network to market for customers in the critical first years of the 5G

"We are all in on 5G," said Neville Ray, Chief Technology Officer at
T-Mobile. "Every dollar we spend is a 5G dollar, and our agreement with
Nokia underscores the kind of investment we're making to bring customers
a mobile, nationwide 5G network. And together with Sprint, we'll be able
to do So. Much. More."

As part of the agreement, Nokia will help build T-Mobile's nationwide 5G
network with 600 MHz and 28 GHz millimeter wave 5G capabilities
compliant with 3GPP 5G New Radio (NR) standards.

"Nokia and T-Mobile will advance the large-scale deployment of 5G
services throughout the United States," said Ashish Chowdhary, Chief
Customer Operations Officer, Nokia. "This is a testament to our
companies' strong and productive working relationship, one which has
produced several important technological milestones in recent months,
and which now allows us to make 5G a commercial reality."

5G promises to enable faster speeds, massive connectivity, decade-long
battery life for sensors and super-responsive and reliable networks for
customers. This will unleash on-demand virtual reality (VR) and
augmented reality (AR) experiences, driverless vehicles, medical
monitoring, advanced industrial automation services, and so much more –
all requiring ubiquitous low latency connectivity.

T-Mobile will leverage multiple products across Nokia's end-to-end 5G
technology, software and services portfolio, including commercial
AirScale radio platforms and cloud-native core, AirFrame hardware,
CloudBand software, SON and 5G Acceleration Services.

Using 5G, Nokia and T-Mobile will develop, test and launch the next
generation of connectivity services that will cover a wide range of
industries, including enterprise, smart cities, utilities,
transportation, health, manufacturing, retail, agriculture and
government agencies.

Important Additional Information

In connection with the proposed transaction, T-Mobile US, Inc.
("T-Mobile") will file a registration statement on Form S-4, which will
contain a joint consent solicitation statement of T-Mobile and Sprint
Corporation ("Sprint"), that also constitutes a 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
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 will be able to obtain the
registration statement and the joint consent solicitation
statement/prospectus free of charge from the SEC's website or from
T-Mobile or Sprint. The documents filed by T-Mobile with the SEC may be
obtained free of charge at T-Mobile's website, at,
or at the SEC's website, at
These documents may also be obtained free of charge 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 with the SEC may be obtained free of
charge at Sprint's website, at,
or at the SEC's website, at
These documents may also be obtained free of charge 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 to be filed with the SEC regarding the
acquisition when they become available. Investors should read the joint
consent solicitation statement/prospectus carefully when it becomes
available 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 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
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.

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 74.0 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

About Nokia

We create the technology to connect the world. Powered by the research
and innovation of Nokia Bell Labs, we serve communications service
providers, governments, large enterprises and consumers with the
industry's most complete, end-to-end portfolio of products, services and

We adhere to the highest ethical business standards as we create
technology with social purpose, quality and integrity. Nokia is enabling
the infrastructure for 5G and the Internet of Things to transform the
human experience.

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