T-Mobile USA and MetroPCS are no more. In their place we now find T-Mobile US, the merged entity set to begin trading as TMUS. The Associated Press reported that the acquisition was set to be completed after the closing bell on Tuesday, and the deal is now done; the newly formed entity enters the fray with a market capitalization of about $17 billion. T-Mobile also added 9 million subscribers to its coffers with the deal, so its customer count has now climbed to 43 million — which still makes it the No.4 carrier in the United States. MetroPCS investors are netting $4.08 per share from the deal, and they will also receive half a share of T-Mobile US for each share of MetroPCS common stock they had owned, resulting in a combined 26% stake in the new company.
T-Mobile USA’s MetroPCS acquisition now closed
Published May 1st, 2013 7:50AM EDT
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
More
Latest News
