T-Mobile US, Inc. (NASDAQ: TMUS) has announced that its board of directors authorized a stock repurchase program for up to USD 1.5 billion of T-Mobile´s common stock through December 31, 2018, the company said.
Under the repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise (but will not include purchases of common stock by the company from Deutsche Telekom AG, our majority stockholder), all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements.
The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase program does not obligate the company to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the company´s discretion.
As America´s Un-carrier, T-Mobile US is redefining the way consumers and businesses buy wireless services through product and service innovation. For more information, visit http://www.t-mobile.com.