T-Mobile US, Inc. (NYSE: TMUS) has priced an underwritten public offering of 66,150,000 shares of T-Mobile´s common stock at a price of USD25.00 per share.
The net proceeds to T-Mobile are expected to be approximately USD1.6bn, 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 for general corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions.
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.
T-Mobile USA offers mobile communications services under the T-Mobile brands in the United States, Puerto Rico, and the U.S. Virgin Islands. Its service offerings include postpaid and prepaid wireless voice, messaging and data services, mobile broadband, and wholesale wireless services. The company is headquartered in Bellevue, Washington. T-Mobile USA, Inc. is a subsidiary of Deutsche Telekom AG. The company´s website is at http://www.t-mobile.com.