Today, we announced the thrilling news that T-Mobile USA and MetroPCS will combine to create the premier challenger in the U.S. wireless industry. The new, publicly-traded company will retain the T-Mobile name.
This isn't a deal to survive – it's to thrive. This is a terrific opportunity for two companies with a shared commitment to innovation and customer service to come together to improve the way you communicate. We're here to compete. We're here to unlock value.
And we're here to win.
This transaction will significantly accelerate T-Mobile's Challenger Strategy – the new company will be a bigger, better, bolder wireless challenger with the expanded scale, spectrum and resources to compete more fiercely with other national U.S. wireless carriers.
Together, the combined entity will be able to:
Today's announcement is the first step in this process. We anticipate that the transaction will close in the first half of 2013, following the required MetroPCS shareholder and customary regulatory approvals. In the meantime, T-Mobile and MetroPCS will continue to operate as separate companies. After closing, T-Mobile will be a separate customer unit of the combined company.
Together, T-Mobile and MetroPCS will be a stronger player in the industry. We're creating a value-oriented challenger to the existing national carriers – one with the scale to deliver greater network coverage and a wider range of product offerings to better fulfill your needs.
We encourage you to read the press release we issued today for more on this exciting news and details of the transaction.
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