T-Mobile Completes Acquisition of MetroPCS

Joseph Byrne Thursday, May 2, 2013

The country’s fourth largest cellphone carrier, T-Mobile USA, announced today that it has completed its acquisition of MetroPCS Communications Inc. This is big news in the cellphone world, as it will offer T-Mobile the opportunity to be traded on the New York Stock Exchange for the first time and it will bring two cellphone carriers together.

T-Mobile is a subsidiary of Germany’s Deutsche Telekom AG and due to the merge with Dallas-based MetroPCS Communications Inc., will gain their own U.S. stock listing for trading on the New York Stock Exchange. This combined company will be called T-Mobile US Inc. and will begin trading on the New York Stock Exchange Wednesday under the ticker symbol “TMUS.”

MetroPCS shareholders will get $4.08 per share in cash, which amounts to $1.5 billion, under terms of the acquisition deal. They will also receive half a share of the new company for each MetroPCS share, which will result in a 26-percent ownership stake. Deutsche Telekom will own the rest of the company.

The newly combined company of T-Mobile US Inc. will have a based in Bellevue, Washington and will have a significant presence in Richardson, Texas. It will be interesting to see how their trading goes over the next few weeks and months.

joeb@longislandyellowpages.com

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