Key Developments: T-Mobile US Inc (TMUS.N)

TMUS.N on New York Stock Exchange

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11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

T-Mobile US, Inc. Could Raise Almost $2 Billion For Spectrum Purchases-Reuters
Monday, 11 Nov 2013 07:29pm EST 

Reuters reported that T-Mobile US Inc announced a stock offering that could bring it almost $2 billion for spectrum purchases. T-Mobile raised concerns among some investors over dilution of the value of shares when it said on November 5 it could raise money for spectrum in an equity offer. T-Mobile declined to comment on the size or the timing of the offering and which spectrum it might purchase. T-Mobile said that Morgan Stanley, Goldman, Sachs, J.P. Morgan, Credit Suisse and Deutsche Bank are the joint book-running managers for the offering.  Full Article

T-Mobile US, Inc Announces Proposed Public Offering of Common Stock
Monday, 11 Nov 2013 04:10pm EST 

T-Mobile US, Inc announced that it is commencing an offering of 66,150,000 shares of its common stock in a registered public offering. T-Mobile expects to use the net proceeds from this offering for general corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions. T-Mobile intends to grant the underwriters in this offering the option to purchase up to an additional 6,615,000 shares of its common stock. Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint book-running managers for the offering.  Full Article

T-Mobile US, Inc. Reaffirms FY 2013 EBITDA Guidance
Tuesday, 5 Nov 2013 07:00am EST 

T-Mobile US, Inc. announced that for fiscal 2013, it reaffirmed its previous guidance of Adjusted EBITDA on a pro forma combined basis, including MetroPCS results for the full year, to be in the range of $5.2 to $5.4 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $5.2 billion for fiscal 2013.  Full Article

NTT Docomo Inc and T-Mobile US, Inc. Agree on Tie-Up in United States-Jiji Press
Monday, 9 Sep 2013 08:00pm EDT 

Jiji Press reported that NTT Docomo Inc. and T-Mobile US Inc., announced that they have agreed to jointly provide a new wireless service for Japanese expatriates in the United States. NTT Docomo will start the service through a United States-based subsidiary on October 15, 2013, by using a network of T-Mobile.  Full Article

T-Mobile US Inc Announces Launch Of Senior Notes Offering
Wednesday, 14 Aug 2013 07:45am EDT 

T-Mobile US Inc announced that T-Mobile USA, Inc, a wholly-owned subsidiary, plans to offer, subject to market and other conditions, up to $500 million aggregate principal amount of its Senior Notes due 2018, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. T-Mobile USA intends to use the net proceeds from this private offering for general corporate purposes.  Full Article

T-Mobile US, Inc. Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 8 Aug 2013 11:00am EDT 

T-Mobile US, Inc. announced that it expects adjusted EBITDA for fiscal 2013 of between $5.2 billion and $5.4 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $5.4 billion for fiscal 2013.  Full Article

T-Mobile US Inc Agrees To Acquire AWS Spectrum In Mississippi Valley Region From U.S. Cellular Corp
Friday, 28 Jun 2013 08:00am EDT 

T-Mobile US Inc announced that its wholly owned subsidiary has signed an agreement to purchase 10 MHz of Advanced Wireless Services (AWS) spectrum from U.S. Cellular for $308 million in cash. The spectrum covers a total of 32M people in 29 markets in the Mississippi Valley region - notably in St. Louis; Nashville; Kansas City; Memphis; Lexington; Little Rock-North Little Rock; Birmingham; New Orleans; and Louisville. This additional spectrum will allow for an incremental roll-out of T-Mobile's 4G LTE network coverage to new markets and expands the existing 4G LTE bandwidth in the important Mississippi Valley region. The agreement is subject to approval by the Federal Communications Commission (FCC) and Department of Justice, and other customary closing conditions. Following regulatory approval, the transaction is expected to close in the fourth quarter of 2013.  Full Article

Faruqi & Faruqi, LLP Launches Investigation Against T-Mobile US, Inc. For Potential Breaches Of Fiduciary Duties By Board Of Directors
Wednesday, 29 May 2013 07:00pm EDT 

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of T-Mobile US, Inc. for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for the 2013 Omnibus Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on May 17, 2013, the Board of Directors recommends that T-Mobile`s shareholders vote to approve the Company`s 2013 Omnibus Incentive Plan which would authorize the issuance of 63,275,000 shares of common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of T-Mobile common stock.  Full Article

Metropcs Communications Inc Urges Shareholders To Vote For Amended Deutsche Telekom AG's T-Mobile Deal-DJ
Monday, 15 Apr 2013 08:11am EDT 

Dow Jones reported that Metropcs Communications Inc amended the terms for its proposed merger with Deutsche Telekom AG unit T-Mobile USA, and asked shareholders to vote for the deal. The move follows Deutsche Telekom sweetening its offer last Wednesday, bowing to pressure from activists and proxy advisory firms. The amendment significantly improves the value of the proposed combination for shareholders. The new terms include reducing the combined company debt by $3.8 billion to $11.2 billion and lowering the interest rate on the debt by 50 basis points. As a part of its sweetened offer, Deutsche Telekom has expanded the lock-up period, when it is prohibited from publicly selling shares in the company, by 12 months to 18 months.  Full Article

Metropcs Communications Inc Amends Agreement To Combine With T-Mobile USA
Monday, 15 Apr 2013 07:30am EDT 

Metropcs Communications Inc announced that the Board of Directors unanimously approved, and the Company has entered into, an amendment, which amends certain terms of the business combination agreement, dated October 3, 2012 , with, among others, Deutsche Telekom AG (DT), to combine MetroPCS with T-Mobile USA (T-Mobile) (the amendment and the business combination agreement as amended by the amendment, the revised agreement). Under the revised agreement, MetroPCS stockholders will continue to receive an immediate $1.5 billion aggregate cash payment, or approximately $4.06 per share (prior to the reverse stock split that will occur in connection with the closing of the proposed combination), as well as an approximate 26% ownership stake in the combined company that allows all MetroPCS stockholders to participate in the expected equity upside of the combined company.  Full Article

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T-Mobile CEO says FTC complaints exaggerated

WASHINGTON - Accusations by a U.S. agency that T-Mobile US Inc charged customers millions of dollars in unauthorized charges were sensational and exaggerated, its chief executive officer said on Thursday.

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