T-Mobile USA and MetroPCS Officially Merge
T-Mobile has announced that it has officially merged with MetroPCS to form T-Mobile US, Inc. which will begin trading on the New York Stock exchange under the ticker TMUS today.
"The combination of T-Mobile and MetroPCS creates an even stronger disruptive force in the U.S. wireless market," said John Legere, President & Chief Executive Officer of T-Mobile US, Inc. "Together, as America's Un-carrier, we'll continue our legacy of marketplace innovation by tearing up the old playbook and rewriting the rules of wireless to benefit consumers."
As previously announced, the Board of Directors of the combined company will have 11 members, including two directors of MetroPCS who will continue with the combined company. Tim Höttges, currently Deputy Chief Executive Officer and Chief Financial Officer of Deutsche Telekom, will serve as Chairman of the Board.
"By uniting T-Mobile and MetroPCS, we have created a dynamic new player in the wireless industry that has the right strategy and management team in place to compete successfully in today's marketplace," said Mr. Höttges. "We look forward to realizing the tremendous potential of the new T-Mobile."
Notably, this will bring the iPhone to approximately nine million MetroPCS customers as T-Mobile recently began carrying the device.