Did you know it has been more than two years since T-Mobile purchased MetroPCS?

Did you know it has been more than two years since T-Mobile purchased MetroPCS?
Has it already been two years since T-Mobile purchased MetroPCS? The deal closed on May 1st, 2013. Since the acquisition, T-Mobile has become the nation's largest pre-paid carrier with 16 million customers. But the deal was done for more reasons than just adding pre-paid customers. Because more than 92% of MetroPCS subscribers have migrated to the T-Mobile network, the latter has been able to refarm 80% of Metro's network so it could be used on T-Mobile's pipeline.

When acquired by T-Mobile, MetroPCS had 6500 point-of-sale locations in 15 markets. Today, the pre-paid carrier is in 55 markets and has 11,000 point-of-sale locations. With T-Mobile's marketing savvy behind it, MetroPCS has been growing its brand by running tons of television and radio spots.

T-Mobile passed Sprint last August to become the nation's largest pre-paid carrier. AT&T is third in this market, followed by Verizon. Under the terms of the deal, each MetroPCS stock holder received $4.09 in cash and split up 26% ownership of T-Mobile. The company's largest stockholder is German telecom giant Deutsche Telekom.

source: T-Mobile

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