logo
Plus   Neg
Share
Email

T-Mobile Closes Merger With Sprint; Sievert To Assume Role Of CEO

T-Mobile US, Inc. (TMUS) has completed its merger with Sprint Corp. The combined company will operate under the name T-Mobile, and will trade on the NASDAQ on a combined basis under the ticker, TMUS. The Sprint shares will no longer trade on the NYSE. The merger is expected to unlock at least $43 billion in synergies for all shareholders.

Also, the company has successfully completed its Chief Executive Officer transition from John Legere to Mike Sievert ahead of schedule. Effective immediately, Sievert will assume the role of CEO of T-Mobile.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT