14 DAY TRIAL // Today, T-Mobile and MetroPCS officially announced the completion of their merger, which resulted in the forming of a new company to offer wireless services for users in the United States.
The new company will operate as T-Mobile US, Inc., and will be begin trading on the New York Stock Exchange under the ticker “TMUS,” the two companies also announced.
“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.”
The two companies also reiterated that the Board of Directors of the combined company would include 11 members, two of which would be the directors of MetroPCS, and both of them would continue to work within the company.
Tim Höttges, who currently operates as 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.”
The combined company will be headquartered in Bellevue, Washington, but it will also maintain a significant presence in Richardson, Texas, the duo confirmed.
The new company will have John Legere as its president & chief executive officer, while former MetroPCS vice chairman and chief financial officer J. Braxton Carter will serve as CFO.
“As previously announced, the combined company will operate T-Mobile and MetroPCS as separate brands, led by Jim Alling and Thomas Keys, respectively, migrating to a common network infrastructure and with common support functions,” the duo also announced.