T-Mobile merger with MetroPCS should close in the second quarter of 2013
MetroPCS' shares are now a proxy for the merged company
Meanwhile, a video of an animated T-Mobile CEO John Legere shows the executive saying that this deal will close the gap with Sprint, and in a clever use of rhyme, he says that the merger is not a deal "to survive" but is a deal "to thrive". The executive adds that the combined company will have 42 million customers with $24.8 billion in revenue and $6.3 billion in EBITDA (earnings before taxes, depreciation and amortization). More importantly for customers of the merged company, $4.2 billion in capital expenditures will be made annually. That buys a lot of credibility. The deal also makes T-Mobile more self-reliant and turns Deutsche Telekom's investment in T-Mobile USA into easy to sell shares of stock that can quickly be sold off if needed.
source: Reuters via Phandroid