T-Mobile and MetroPCS have announced that their deal has successfully closed following regulatory and shareholder approvals. The two companies will combine to form a new corporation — dubbed T-Mobile US, Inc. — and will be trading as a new company under the New York Stock Exchange as TMUS as of this morning.
That doesn’t mean much right now for each company’s consumers: T-Mobile is still T-Mobile, and MetroPCS is still MetroPCS. Each service will continue to operate independently for the time being. But this means T-Mobile can begin its trek to launching a vast 4G LTE network using the newly-acquired capital this sale afforded them.
T-Mobile mentioned the sale afforded it 20+20 MHz of 4G LTE spectrum coverage that would help deliver LTE to 90% of the nation’s top 25 metro areas in 2014. We’ll have to wait a bit to see if the company feels differently about rolling MetroPCS customers into the T-Mobile banner, but it won’t give us a clear indication of its plans either way.