T-Mobile said it officially closed its $26 billion merger with rival wireless carrier Sprint, and reiterated its pledge to not increase customers’ fees for the next three years.
With the deal completed, John Legere, who served as CEO of T-Mobile since 2012, is exiting the position; he will continue as a member of the board through the company’s June 2020 annual shareholders meeting.
Former COO Mike Sievert has been named president and CEO of the combined T-Mobile/Sprint effective immediately, a month ahead of the previously announced CEO transition plans.
Last month, the parent companies of T-Mobile and Sprint revised the financial terms of the pact, nder which Deutsche Telekom owns 43% of the new T-Mobile and SoftBank will hold a 24%
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