T-Mobile officially announces MetroPCS merger, provides more details
T-Mobile has posted a news release officially confirming the completion of a deal that will merge the carrier’s operations with those of MetroPCS. The two providers will combine to host some 42.5 million subscribers on an “expanded scale” with the benefit of additional spectrum and financial resources, all while retaining the T-Mobile banner.
As reported earlier, T-Mobile will hold a 74 percent stake in the reorganized company, and will provide a $1.5 billion payment for MetroPCS shareholders. Estimates from the company project for $24.8 billion in revenue and $6.3 billion in earnings before interest, taxes, depreciation, and amortization.
[via T-Mobile]