T-Mobile (TMUS) said that on April 27, its board authorized an increase in the total stock repurchase program to $9B, consisting of the $1.5B in repurchases previously completed and for up to an additional $7.5B of repurchases of our common stock, allocated as up to $500M of shares of common stock through December 31, 2018, up to $3B of shares of common stock for the year ending December 31, 2019 and up to $4B of shares of common stock for the year ending December 31, 2020, with any authorized but unutilized repurchase capacity for any of the foregoing periods increasing the authorized repurchase capacity for the succeeding period by the amount of such unutilized repurchase capacity. The additional $7.5B repurchase authorization is contingent upon the termination of the Business Combination Agreement with Sprint (S) and the abandonment of the transactions contemplated under the agreement.
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