T-Mobile US on Wednesday announced that it has officially completed its merger with Sprint to create the New T-Mobile. The parent of the combined company is T-Mobile US and it will operate under the name T-Mobile.
The enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years, said the Company. Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders.
The company also announced that with close of the merger, it has successfully completed its long-planned CEO transition from John Legere to Mike Sievert ahead of schedule. Effective immediately, Sievert will assume the role of CEO of T-Mobile. Legere will continue as a member of the Board of Directors for the remainder of his current term, through the Annual Meeting of Shareholders scheduled in June 2020.
Mike Sievert, President and CEO, T-Mobile
During this extraordinary time, it has become abundantly clear how vital a strong and reliable network is to the world we live in. The New T-Mobile’s commitment to delivering a transformative broad and deep nationwide 5G network is more important and more needed than ever and what we are building is mission-critical for consumers.
