T-Mobile receives shareholder approval for combination with Sprint
Oct 31, 2018
Bellevue, Washington – October 30, 2018 – T-Mobile US (NASDAQ: TMUS) today announced that it has received shareholder approval on proposals related to the company’s previously announced merger with Sprint Corporation (NYSE: S).
“This is another step forward in creating the New T-Mobile, so we can deliver on our promise to bring robust competition to the 5G era, giving consumers more for less and creating jobs,” said John Legere, Chief Executive Officer of T-Mobile. “For more than five years, T-Mobile’s Un-carrier strategy has disrupted the wireless industry, and together with Sprint we will continue our mission by securing U.S. leadership in nationwide 5G, creating a real alternative to fixed broadband and bringing a consumer-first mentality to entrenched giants. We can’t wait to continue improving the wireless industry for all consumers as the New T-Mobile.”
Additional information regarding T-Mobile’s merger with Sprint can be found at: www.NewTMobile.com.
On October 30, 2018, T-Mobile received a written consent of Deutsche Telekom Holding B.V., holder of approximately 63.5% of T-Mobile Common Stock, in favor of proposals to approve the issuance of shares of T-Mobile common stock and the amendment and restatement of the T-Mobile certificate of incorporation in connection with the Sprint transaction, as further described in the joint consent solicitation statement/prospectus relating to the transaction, which constituted receipt by T-Mobile of stockholder approval for such proposals.
The completion of the combination remains subject to regulatory approvals and certain other customary closing conditions, and is expected to occur during the first half of 2019.