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T-Mobile seals MetroPCS deal, begins trading on the US stock market

T-Mobile completes MetroPCS acquisition, begins trading on US stock market
By: Charles Gantt | Business, Financial & Legal News | Posted: May 1, 2013 4:28 pm
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This morning T-Mobile finalized its deal to merge with MetroPCS and has begun trading on the US stock market at $16.25 a share.

 

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The merger is the result of a deal between T-Mobile and MetroPCS stock holder, where MetroPCS acquired all of T-Mobile's capital stock from Deutsche Telekom.

 

T-Mobile will continue to operate both companies as a separate entity with the ultimate goal of creating a unified network. The new company, which is headquartered in Bellevue, Washington, will have John Legere as its CEO, and the former MetroPCS vice chairman and chief financial officer J. Braxton Carter will take the CFO position.

NEWS SOURCES:Gigaom.com

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