T-Mobile announced Wednesday that it has officially completed its merger with Sprint to create the New T-Mobile.
The combined company will operate under the name T-Mobile.
“With 14 times more capacity in six years than standalone T-Mobile has today, the New T-Mobile network will be able to offer unmatched value to consumers, with better service at lower prices,” the company said in a Wednesday news release.
The company said it plans to invest $40 billion into its network, business and more over the next three years.
“With 14 times more total capacity in the next six years than T-Mobile has today, customers won’t have to choose between great service or low prices - they’ll get both. The New T-Mobile will offer free access to 5G and the best rate plans at low prices, now and in the future, so all customers can reap the benefits of a supercharged Un-Carrier network at a great value. And the New T-Mobile has committed to delivering the same or better rate plans for three years, which includes access to 5G, including for prepaid and Lifeline customers,” the news release said.
Effective at the beginning of Wednesday’s trading session, T-Mobile will trade on the NASDAQ on a combined basis under the ticker symbol “TMUS.” The Sprint shares will no longer trade on the New York Stock Exchange.
© 2020 Cox Media Group
