T-Mobile on Wednesday announced that it had completed its merger with MetroPCS. The new company debuted on the New York Stock Exchange under the ticker “TMUS,” ringing in a new start for the No. 4 U.S. mobile carrier. Under the terms of the deal, T-Mobile’s parent company Deutsche Telekom paid MetroPCS stockholders $1.5 billion. Also, MetroPCS took T-Mobile’s capital stock from DT in exchange for approximately 74 percent of MetroPCS common stock. The merger gives T-Mobile an additional 9 million subscribers, for a total of 43 million.
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Wall Street Gives New T-Mobile Thumbs-up
Posted by: Peter Suciu May 1, 2013 02:26 PMT-Mobile on Wednesday announced that it had completed its merger with MetroPCS. The new company debuted on the New York Stock Exchange under the ticker “TMUS,” ringing in a new start for the No. 4 U.S. mobile carrier. Under the terms of the deal, T-Mobile’s parent company Deutsche Telekom paid MetroPCS stockholders $1.5 billion. Also, MetroPCS took T-Mobile’s capital stock from DT in exchange for approximately 74 percent of MetroPCS common stock. The merger gives T-Mobile an additional 9 million subscribers, for a total of 43 million.