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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Dec. 22, 2:44 AM

Slide #18. T-Mobile US, Inc. Secondary Offering

Company: T-Mobile US, Inc. (NYSE:TMUS)
Date announced: 12/8/2014
Shares Offered: 17,391,305
Date of Pricing: 12/10/2014
Price Per Share: $50
Secondary Offering Details: T-Mobile US, Inc. (NYSE:TMUS) ("T-Mobile") announced today that it is commencing a registered public offering of 17,391,305 shares of its Mandatory Convertible Preferred Stock, Series A, with a liquidation preference of $50 per share. T-Mobile expects to use the net proceeds from this offering for general corporate purposes, including capital investments and acquisition of additional spectrum unrelated to spectrum it may obtain in the Federal Communications Commission's pending AWS-3 spectrum auction. T-Mobile intends to grant the underwriters the option to purchase up to an additional 2,608,695 shares of its Mandatory Convertible Preferred Stock. - updated 12/10 - T-Mobile US, Inc. (NYSE:TMUS) ("T-Mobile") announced today the pricing of its registered public offering of 17,391,305 shares of 5.50% Mandatory Convertible Preferred Stock, Series A, at a price of $50.00 per share. The net proceeds to T-Mobile are expected to be approximately $854.1 million, after deducting underwriting discounts and commissions, and other estimated offering expenses payable by T-Mobile. In addition, the underwriters have an option to purchase up to an additional 2,608,695 shares of Mandatory Convertible Preferred Stock from T-Mobile. T-Mobile expects to use the net proceeds from this offering, including net proceeds from any exercise by the underwriters of their option to purchase additional shares of T-Mobile's Mandatory Convertible Preferred Stock, for general corporate purposes, including capital investments and acquisition of additional spectrum unrelated to spectrum it may obtain in the Federal Communications Commission's pending AWS-3 spectrum auction.

T-Mobile US is a national provider of mobile communications services. Co.'s service offerings include postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. As of Dec 31 2013, Co. provided service to approximately 47.0 million customers through its nationwide network. In addition, Co. sells a range of wireless handsets and accessories, including smartphones, wireless-enabled computers such as notebooks and tablets, and data cards, which are manufactured by various suppliers. Co.'s brands include T-Mobile, MetroPCS, and GoSmart.
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Company Name:  T-Mobile US Inc
Website:  www.T-Mobile.com
Sector:  Communications Services
Number of ETFs Holding TMUS:  27
Total Market Value Held by ETFs:  $52.89M
Total Market Capitalization:  $20.26B
% of Market Cap. Held by ETFs:  0.26%
 

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December 22, 2014    2:44 AM Eastern
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Buy (3.29 out of 4)
59th percentile
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