Deals
T-Mobile US Shares Climb in NYSE Debut Following Merger
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T-Mobile US Inc., the fourth-biggest U.S. wireless company, climbed 6 percent in its first day of trading on the New York Stock Exchange after merging with MetroPCS Communications Inc., a smaller rival.
The stock, which trades under the new ticker TMUS, rose to $16.52 at the close in New York. T-Mobile took the spot of MetroPCS on the exchange after the reverse merger. The new company, which also changed its name by dropping the “A” from T-Mobile USA, will still be located at the carrier’s current headquarters in Bellevue, Washington.