Spring Mobile Acquired by Prime Communications
SALT LAKE CITY - Jan. 17, 2019 - PRLog -- Spring Mobile, an authorized AT&T wireless retailer, announced that it has been successfully acquired by Prime Communications, L.P. for $700 million, excluding transaction fees and customary working capital and indebtedness adjustments. Spring Mobile owns and operates 1,284 AT&T wireless stores and has operated as a division of GameStop Corp. since 2013. With the acquisition today, Spring and Prime will collectively operate nearly 2,000 AT&T Wireless stores.
Prime Communications is based in Sugarland, Texas and will continue to operate offices in Salt Lake City.
Jason Ellis, CEO, and co-founder of Spring Mobile said, "We are excited to announce this acquisition and to begin 2019 with exciting new ownership. Over the years, we have worked closely with the Prime team and share a deep respect for one another. In coming together, we are now able to leverage our competitive position as AT&T's largest authorized retailer to bring the nation's best wireless products to more customers than ever before."
About Spring Mobile
Spring Mobile is the largest authorized AT&T dealer of wireless and entertainment services. Spring was founded in 2001 in Salt Lake City, Utah. Today, our nationwide team consists of friendly experts that are found in nearly 2,000 retail locations, nationwide. Ongoing commitment to our customers has allowed Spring to grow into America's largest wireless dealer. Spring Mobile sells all of AT&T's products and services, including DIRECTV. For a complete list of store locations, visit http://springmobile.com.
General information about Spring Mobile, Inc. can be obtained at the company's corporate website.