T-Mobile said it officially closed its merger with rival Sprint — creating a wireless carrier with over 100 million customers nationwide — and reiterated its pledge to not increase customers’ fees for the next three years.
The deal, valued at more than $31 billion based on T-Mobile’s closing stock price Tuesday, ends the nearly two-year effort to combine the two companies in what they’ve asserted would create a strong No.
3 competitor to industry leaders AT&T and Verizon. John Legere, who served as CEO of T-Mobile since 2012, stepped down Wednesday from the position with the deal closed.
He will continue as a member of the board through the company’s June 2020 annual shareholders meeting. Former T-Mobile COO Mike Sievert assumes the role of
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