T-Mobile USA today announced that it has closed its merger with MetroPCS. Moving forward, the company will be known as T-Mobile US, Inc., and the combined entity will begin trading under the New York Stock Exchange today.
The company will remain headquartered in Bellevue, Wash., but will maintain significant operations in Richardson, Texas, which is MetroPCS’s home base. The new company will be run by John Legere, who will serve as President and CEO. J. Braxton Carter, from MetroPCS, will take over duties as the CFO. T-Mobile will continue to operate both brands separately, but T-Mobile will slowly begin to move new MetoPCS customers to handsets that operate on T-Mobile’s network.
T-Mobile US, Inc. claims to have 43 million subscribers. It now covers 301 million POPs with its combined network, of which it says 228 million have access to 4G (in this case, HSPA+). T-Mobile expects to cover 200 million POPs with LTE by the end of the year. The combined companies’ spectrum will give it 20+20MHz channels of 4G LTE in approximately 90% of the top 25 metro regions around the country.
“The combination of T-Mobile and MetroPCS creates an even stronger disruptive force in the U.S. wireless market,” said John Legere. “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.”
