T-Mobile US Inc.: Combined But Separate

The merger of T-Mobile USA and MetroPCS is a done deal (CTDaily, 04/24/13), and the combined companies, now called T-Mobile US Inc., are trading on the New York Stock Exchange as TMUS. T-Mobile and MetroPCS will continue to operate as separate brands. MetroPCS launched a 1:2 reverse stock split, made a cash payment of $1.5 billion to its stockholders (approximately $4.05 per share prior to the reverse stock split) and acquired all of T-Mobile’s capital stock from Deutsche Telekom in exchange for approximately 74 percent of MetroPCS’ common stock on a pro forma basis.