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T-Mobile US Set to Join S&P 500

NEW YORK, July 9, 2019 /PRNewswire/ -- T-Mobile US Inc (TMUS) will replace Red Hat Inc. (RHT) in the S&P 500 effective prior to the open of trading on Monday, July 15. S&P 500 & 100 constituent International Business Machines Corp. (IBM) is acquiring Red Hat in a deal that closed today.

T-Mobile US provides mobile communications services. Headquartered in Bellevue, WA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Wireless Telecommunication Services Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – July 15, 2019


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

T-Mobile US

Communication Services

Wireless
Telecommunication
Services

DELETED

Red Hat

Information Technology

Systems Software

 

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