T-Mobile To Go Public As They Become One Company With MetroPCS
T-Mobile USA and MetroPCS are now one company. The combined company will be called T-Mobile US. The network, subscribers, and other assets will be brought together into the combined company. This includes 43 million subscribers as of March 31st.
The total coverage that T-Mobile US reaches is about 301 million people. Around 228 million will be able to access 4G and 200 million will be expected to be covered by 4G LTE by the end of the year.
The revenues of the combined companies hit around $24.8 billion last year. Between 2012 and 2017, executives at the company are expecting to grow revenues at between 3-5% annually.
T-Mobile US will be headquartered in Bellevue, Washington and will be led by John Legere. Former MetroPCS CFO and vice chairman J. Braxton Carton will work as the CFO of the combined company. T-Mobile and MetroPCS will continue to run as separate brands. T-Mobile US will start trading on the New York Stock Exchange today under the ticker “TMUS.”
“The combination of T-Mobile and MetroPCS creates an even stronger disruptive force in the U.S. wireless market,” Legere said in a statement. “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.”