On May 3, 1999, Western Wireless spun off its VoiceStream Wireless division to Western Wireless shareholders, creating an independent, publicly traded Delaware corporation called VoiceStream Wireless Corporation. Shares of VoiceStream Wireless traded on the NASDAQ under the stock ticker symbol VSTR. The spin off was intended to remove any conglomerate discount, get better value recognition for each of Western Wireless' core analog cellular and digital PCS networks and help each business pursue independent strategies. VoiceStream was purchased by Deutsche Telekom in 2001 for US$30 billion and renamed T-Mobile USA in 2002.