said by dotditdot:
Nothing changes. The same execs running T-mobile will run the new company; T-mobile parent company, Deutsche Telekom, stills own 74% of the company, so nothing will change. This merger was just a convenient way for them get subs, spectrum, and a way to easily list T-mobile US on the market.
Deutsche Telekom is paying $1.5 billion in cash, but MetroPCS had a market cap of $4 billion before the merger was announced. So the majority of the merger price comes in the form of shares, rather than cash.
This is thus a combination of a merger and an acquisition. Deutsche Telekom used to own 100% of T-Mobile USA. They're dropping down to 74% of the combined company. The difference of 26% consists of the shares that they're turning over to the shareholders of MetroPCS.