T-Mobile USA Completes MetroPCS Acquisition

By: Associated Press Email
By: Associated Press Email

NEW YORK (AP) - T-Mobile USA, the country's fourth-largest cellphone carrier, says it has completed its acquisition of MetroPCS.
T-Mobile, a subsidiary of Germany's Deutsche Telekom AG, will gain its own U.S. stock listing by merging with Dallas-based MetroPCS Communications Inc.

The combined company will be called T-Mobile US Inc. and will start trading on the New York Stock Exchange Wednesday under the ticker symbol "TMUS."

Under terms of the deal, MetroPCS shareholders are getting $4.08 per share in cash, or $1.5 billion. They're also getting half a share of the new company for each MetroPCS share, resulting in a 26 percent ownership stake.

The rest will be owned by Deutsche Telekom.

The combined company will be based in Bellevue, Wash. and keep a significant presence in Richardson, Texas.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 205577291 - kolotv.com/a?a=205577291
Gray Television, Inc.