T-Mobile to Pursue "Significant" Share Repurchase Plan

Un-carrier T-Mobile (NASDAQ: TMUS) participated in the Morgan Stanley European Technology, Media, and Telecom Conference this morning, and CFO Braxton Carter had an exciting announcement: T-Mobile is looking at a potential share repurchase plan. Investors appear optimistic about the news, sending the stock up 5% as of this writing.

This comes after the company and Sprint jointly announced earlier this month that they had ended merger discussions after they were "unable to find mutually agreeable terms." With the megamerger off the table, T-Mobile is now focusing on its own capital structure.

Carter is the executive with the magenta cowboy hat. Image source: T-Mobile.

Source: Fool.com