In the best and worst of times, T-Mobile has been here with a dependable network and giving customers best-in-class customer service they can depend on. “The Un-carrier movement started with T-Mobile saying we were going to shake up wireless - and we did! We eliminated annual service contracts, overages and roaming fees, improved customer service and introduced more value. Thank you, John, for everything you’ve done for wireless consumers and for our beloved employees! I also want to thank Marcelo Claure and the entire Sprint leadership team for their hard work to get us to this huge day! We did it!… and I’m looking forward to welcoming Sprint employees into Team Magenta, and to working with you now as a member of our Board of Directors.” His leadership has made us what we are today, and we will take that into the future. He has always pushed the boundaries of what’s possible and pushed us to do the same. John IS what the Un-carrier is all about: advocating for customers at every turn, forcing us to think differently and always driving for more. Everything that T-Mobile has accomplished is the result of his vision for what a different kind of wireless provider could be. He has changed what it means to be a CEO. Sievert continued, “All of us at T-Mobile owe John an incredible thank you for everything he’s done to get this company to where we are today. T-Mobile has been changing wireless for good - and now we are going to do it on a whole new level!” “With this powerful network, the New T-Mobile will deliver real choice and value to wireless and home broadband customers and double down on all the things customers have always loved about the Un-carrier. The New T-Mobile’s commitment to delivering a transformative broad and deep nationwide 5G network is more important and more needed than ever and what we are building is mission-critical for consumers,” said Mike Sievert, president and CEO of T-Mobile.
“During this extraordinary time, it has become abundantly clear how vital a strong and reliable network is to the world we live in. Legere will continue as a member of the Board of Directors for the remainder of his current term, through the Annual Meeting of Shareholders scheduled in June 2020. During his tenure, Legere engineered a turnaround of the company as T-Mobile completely disrupted the wireless industry and became the fastest growing company in wireless, capturing 80% of the industry’s postpaid phone growth from 2013 to today. Legere, who served as CEO of T-Mobile since 2012, built a culture around listening to employees, putting the customer first and shaking up the market with signature Un-carrier moves. Effective immediately, Sievert will assume the role of CEO of T-Mobile. The company also announced that with close of the merger, it has successfully completed its long-planned Chief Executive Officer transition from John Legere to Mike Sievert ahead of schedule. Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders. The enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years.
The company will also continue to focus on its commitment to customers and being a force for good.
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 New T-Mobile’s commitment to building the world’s best broad and deep nationwide 5G network, which will bring lightning-fast speeds to urban areas and underserved rural communities alike, is more critical than ever, as reliable connectivity has become so important to Americans. The combined company will operate under the name T-Mobile. The parent of the combined company is T-Mobile US, Inc., whose shares of common stock will continue to trade on the NASDAQ Global Select Market under the symbol “TMUS”. Supercharged Un-carrier positioned to deliver unparalleled network reliability, value, innovation and commitment to customers now, when it’s more important than ever CEO transition occurs with close of merger John Legere hands off CEO role to Mike Sievertīellevue, Washington and Overland Park, Kansas – Ap– T-Mobile US Inc. (NASDAQ: TMUS) announced today that it has officially completed its merger with Sprint Corporation to create the New T-Mobile, a supercharged Un-carrier that will deliver a transformative 5G network.
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