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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.

@CharlesJGantt
Published Wed, May 1 2013 11:28 AM CDT   |   Updated Tue, Nov 3 2020 12:23 PM CST

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.

T-Mobile seals MetroPCS deal, begins trading on the US stock market | TweakTown.com

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.

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NEWS SOURCE:gigaom.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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