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

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of T-Mobile's acquisition of MetroPCS, the latter's shares no longer trade on the New York Stock Exchange and have been replaced by shares of T-Mobile.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.

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

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13 Comments

1. masterchina

Posts: 55; Member since: Sep 27, 2011

Who cares I live in Hawaii.

2. HASHTAG unregistered

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

4. Sparhawk

Posts: 75; Member since: Mar 10, 2012

I don't care that you live in Hawaii. I only mention cuz you asked.

12. meowcenary

Posts: 187; Member since: Apr 13, 2012

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

7. WakaFlakaD

Posts: 576; Member since: Apr 30, 2011

Why comment when it has absolutely nothing to do with you

3. Note2waitingonNote3

Posts: 87; Member since: Mar 19, 2013

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

5. masterchina

Posts: 55; Member since: Sep 27, 2011

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

6. TerryCrowley

Posts: 194; Member since: Jul 31, 2011

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

8. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

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

9. masterchina

Posts: 55; Member since: Sep 27, 2011

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

11. andynaija

Posts: 1264; Member since: Sep 08, 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!

10. Zayuh24

Posts: 149; Member since: Nov 21, 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.

13. masterchina

Posts: 55; Member since: Sep 27, 2011

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

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