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T-Mobile Announces Conversion of Mandatory Convertible Preferred Stock
[December 13, 2017]

T-Mobile Announces Conversion of Mandatory Convertible Preferred Stock


T-Mobile (News - Alert) US, Inc. (NASDAQ: TMUS) (the "Company") announced today that all outstanding shares of its 5.50% Mandatory Convertible Preferred Stock, Series A (the "Preferred Stock") will automatically convert into shares of the Company's Common Stock (the "Common Stock"). As set forth in the Certificate of Designations of the Preferred Stock (the "Certificate of Designations"), the conversion will be effective at 5:00 p.m. New York City time on December 15, 2017 (the "Mandatory Conversion Date"). No action by holders of Preferred Stock is required. As of September 30, 2017, the Company had 20,000,000 shares of Preferred Stock outstanding.

On the Mandatory Conversion Date, each outstanding share of Preferred Stock will automatically convert into 1.6119 shares of Common Stock. The number of shares of Common Stock issuable on conversion was determined as set forth in the Certficate of Designations. The Company will pay cash in lieu of any fractional share upon conversion.



Upon conversion, the Preferred Stock will no longer be outstanding and all rights with respect to the Preferred Stock will cease and terminate following receipt of the number of whole shares of Common Stock issuable upon conversion of the Preferred Stock and any required cash-in-lieu of fractional shares. Following conversion, the Preferred Stock will be delisted from trading on the NASDAQ Global Select Market.

The Company previously announced that a dividend payment of $0.6875 per share of Preferred Stock, payable to holders of record as of December 1, 2017, will be made on the Mandatory Conversion Date. This dividend payment will be made in the customary manner.


About T-Mobile US, Inc.

As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE (News - Alert) network delivers outstanding wireless experiences to 70.7 million customers who are unwilling to compromise on quality and value. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and MetroPCS.


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