IDG News Service - Deutsche Telekom's T-Mobile USA and MetroPCS Communications have signed an agreement to merge in a deal that will see MetroPCS shareholders receive US$1.5 billion in cash and 26 percent of the new company.
The combined company will retain the T-Mobile name, and will be able to compete better with the other national U.S. wireless carriers thanks to expanded scale, more spectrum and financial resources, the two operators said in a statement.
Deutsche Telekom's supervisory board and MetroPCS's board of directors unanimously approved the transaction.
Source:
http://www.computerworld.com/s/article/9231984/T_Mobile_USA_agrees_to_buy_MetroPCS
