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MetroPCS customers to get T-Mobile devices; T-Mobile now trades on the NYSE

Posted: , by Alan F.

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MetroPCS customers to get T-Mobile devices; T-Mobile now trades on the NYSE
With the closing of T-Mobile's acquisition of MetroPCS, the latter's shares no longer trade on the New York Stock Exchange and have been replaced by shares of T-Mobile. The nation's fourth largest carrier had been 100% owned by German telco Deutsche Telekom, but as part of the deal, 26% of T-Mobile plus $4.06 a share, was exchanged for all of the stock of MetroPCS.

T-Mobile CEO John Legere and crew helped ring the opening bell at the Big Board on Wednesday. If you're interested, the symbol for T-Mobile is TMUS. The shares closed its first day of trading at $16.52. In what has to be good news for stockholders, Legere says that T-Mobile's Apple iPhone sales are ahead of expectations and added that the company should go from losing customers to gaining them at some point this year, and will add customers all throughout 2014.

T-Mobile CEO John Legere andcrew on the NYSE floor

T-Mobile CEO John Legere andcrew on the NYSE floor

Meanwhile, Legere wanted to make sure that it was understood that T-Mobile and MetroPCS are one integrated company with two brands. It makes sense. Consider General Motors, which is one company with different brands like Chevrolet and Cadillac for example. As for whether MetroPCS ends up with the Apple iPhone to sell, the CEO says it depends on how both brands are positioned and marketed. He is not saying "No" but says an iPhone for MetroPCS is not imminent. The executive says that this is a decision that Apple also needs to be a part of, and that it already has started a dialogue with the Cupertino based tech giant.

T-Mobile is planning on introducing handsets with the MetroPCS name that run on T-Mobile's network. This allows the T-Mobile network to expand to new cities. Legere says he has a a double-digit list of cities he wants to move into, although it is not clear when T-Mobile will start introducing new service areas. "We’re deciding those cities this week. We’re going to move fast and big," says the CEO. The goal, says T-Mobile CMO Mike Sievert, is to transition MetroPCS customers to T-Mobile's network and then shut MetroPCS down. Sievert says that this process could take about two years.

In the meantime, MetroPCS will continue to offer unlimited pre-paid plans in the range of $40 to $60, while T-Mobile prices its service between $50 and $70. The $10 difference represents the difference in the network quality between the two pipelines. The CMO did say that somewhere down the road, there will be a shake up in pricing.

source: AllThingsD via CNET, CNBC

13 Comments
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posted on 01 May 2013, 21:40

1. masterchina (Posts: 50; Member since: 27 Sep 2011)


Who cares I live in Hawaii.

posted on 01 May 2013, 22:34 1

2. HASHTAG (unregistered)


We shouldn't care only because you live in Hawaii?

posted on 01 May 2013, 22:46 1

4. Sparhawk (Posts: 75; Member since: 10 Mar 2012)


I don't care that you live in Hawaii.

I only mention cuz you asked.

posted on 02 May 2013, 16:59

12. meowcenary (Posts: 187; Member since: 13 Apr 2012)


I am sure Kurik, Kalten, Ulath, Tynian, and Bevier could draw straws and show him what caring is about......

posted on 02 May 2013, 00:05 1

7. WakaFlakaD (Posts: 360; Member since: 30 Apr 2011)


Why comment when it has absolutely nothing to do with you

posted on 01 May 2013, 22:46 3

3. Note2waitingonNote3 (banned) (Posts: 87; Member since: 19 Mar 2013)


This is definitely great for Tmobile and Metropcs customers. Tmobile is doing great things in 2013. Future looks great

posted on 01 May 2013, 23:06

5. masterchina (Posts: 50; Member since: 27 Sep 2011)


Obviously you two care, if you didn't you wouldn't have responded the way you did. Haha.

posted on 02 May 2013, 00:05 1

6. TerryCrowley (Posts: 184; Member since: 31 Jul 2011)


You obviously care enough about the merger since you posted on this article, doosh.

posted on 02 May 2013, 08:56

8. JunitoNH (Posts: 863; Member since: 15 Feb 2012)


This is great, now customers can have twice the number of drop calls, and bad coverage.

posted on 02 May 2013, 10:07

9. masterchina (Posts: 50; Member since: 27 Sep 2011)


Obviously all you donkey's care more about my comment rather than the article.

posted on 02 May 2013, 11:16

11. andynaija (Posts: 455; Member since: 08 Sep 2012)


Can you just shut up and get out of here because the comments you make are just nonsense. You're the one looking like a donkey. A foolish one for that matter!

posted on 02 May 2013, 10:40

10. Zayuh24 (Posts: 148; Member since: 21 Nov 2011)


Compromise! if MetroPCS has plans ranging from 40 to 60 while TMo has plans from 50 to 70, have a mix of the two for 45 to 65. BEAST! That's assuming Tmo refarms the CDMA bands from MetroPCS soon.

posted on 02 May 2013, 19:16

13. masterchina (Posts: 50; Member since: 27 Sep 2011)


Uh oh... Another donkey commenting on my comment rather than the article itself!

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