T-Mobile sets pricing for stock offering: $25 per share, expects $1.6 billion

2-22-09-t-mobile-store

As I’m sure you all know by now, T-Mobile plans to offer up some 66 million shares for sale in order to raise funds for network expansion/spectrum acquisition. Yesterday evening, the company made its prices public.

All in all, 66,150,00 shares of common stock will be priced at $25 per share. Tmo expects to make around $1.6 billion after the usual deductions (underwriting discounts and commissions among other expenses). Morgan Stanley, Goldman, Sachs & Co., J.P. Morgan, Credit Suisse Securities and Deutsche Bank Securities are the book-running managers for this common stock offering.

“BELLEVUE, Wash.–(BUSINESS WIRE)–Nov. 14, 2013– T-Mobile US, Inc. (NYSE:TMUS) (“T-Mobile”) announced the pricing of an underwritten public offering of 66,150,000 shares of T-Mobile’s common stock at a price of $25.00 per share. The net proceeds to T-Mobile are expected to be approximately $1.6 billion, 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 6,615,000 shares 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 common stock, for general corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions.’

We’d already read that Tmo stock was being made available, the difference in today’s announcement is the pricing. We had a vague idea, but now we know the $25 per share pricing has been set. As always, we’ll keep you updated with any further announcements on this.

Via: T-Mobile

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  • Abe_The_Babe

    Bought 33 shares on November 1 for about $28 a share -_-

    • 21stNow

      I’m mad at myself for missing this when it first started trading under TMUS.

      • Abe_The_Babe

        Seriously, it’s doubled since then. I was not looking into the market back then.

    • taron19119

      How did u buy

      • Abe_The_Babe

        I use Scottrade. Low fees.

  • Alex Zapata

    I still wanna know which spectrum they’re gonna buy.

  • jose

    Maybe I should buy 100 shares at
    25$.

  • Mike

    I hope they are putting enough money away to buy US Cellular , its customers, and spectrum. That would rock as the have AWS and PCS spectrum. :]

    • sidekicker89

      That would be interesting to see… T-Mobile doesn’t cover Iowa like U.S Cellular does so it might be hard to transition those customers over.

      • Tim

        T-Mobile sold the Iowa network to I-Wireless anyways.

  • Trevnerdio

    Just saw a billboard today that touted MetroPCS in my area (Panama City, FL) and I’m pretty sure they were never here before. I hate that they can jump onto our network but we can’t jump onto theirs. There was excellent LTE reception at a soccer field I was at and what did T-Mobile have? 0-2 bars EDGE/HSPA+.

    • sidekicker89

      the merger between the network isn’t complete yet.. i’m sure you’ll get LTE in that soccer field. Florida is one of the lucky states because there is a lot of LTE/HSPA+ coverage there.

      • Trevnerdio

        Is the plan ever to let T-Mo customers jump onto their network?

        • DLow

          tmobile is not jumping on to metro pcs, TMobile is utilizing there towers/spectrum to broaden the TMO network. If you even get a metro pcs phone now it comes with a tmobile branded sim card, All funds go to tmobile from metro anyway. Be Happy your network coverage will greatly improve

        • Trevnerdio

          I know the plan, I’m just wondering when they’re going to open up the Metro frequencies for T-Mo consumption (or rather when will it “become” T-Mobile’s?)

        • Jay J. Blanco

          T-Mobile is decommissioning Metro PCS CDMA Network and combining Spectrum for a better experience

        • Trevnerdio

          I know. Refer to my original post. There was Metro LTE in the area I was in and scarcely T-Mobile coverage at all

        • Jay J. Blanco

          oh ok. just making sure you understood

        • Trevnerdio

          Thanks, Jay. You’re always a kind commenter.

        • Jay J. Blanco

          Your welcome and thanks!

        • Chardog

          At some point yes…The Metro LTE will be merged with T-Mobile’s existing network and their CDMA will be turned off.

  • Scarfacemario

    Guys T-Mobile Upgraded my area to 10+10 …. I’m in Los Angeles i used to only get 0-1 bar of LTE with speeds of 5 Mbps down and 6 Mbps upload and would always drop to Full Bars of 4G and today i noticed i had 2-3 Bars of LTE so i ran a speed test and got 24 Mbps Download and 21 Mbps Upload!! And i get it Consistently … I live in South Gate CA anyone from LA ? Start Checking!!

    • KingCobra

      I think they have upgraded to 10 x 10 in Las Vegas too. I’m here this weekend for business and ran a few speed tests down at the strip. Getting around 35mbps down and 15 up. Fastest speeds I’ve ever seen with tmobile.

    • peralta61

      Yes I to ran a test at work in burbank and it was really fast …. Also I live in downtown los angeles and I have 2 bar and I get 25 down and 15 up so I think they turn it up

    • Jay J. Blanco

      I wish T-Mobile would make Columbia, SC 10+10 soon. LTE performs like HSPA and AT&T LTE speed test blow T-Mobile away. I miss my Galaxy S III lol I had awesome HSPA speeds. Now I have a AT&T Galaxy Note lol

      • Bori

        Hey Jay how good is lte in Columbia? Im going down there next week to visit the family. Kinda of curious as to what to expect, since we dont have lte in Cincinnati.