WSJ: T-Mobile, MetroPCS agree on $1.5 billion deal

WSJ: T-Mobile, MetroPCS agree on $1.5 billion deal

T-Mobile and MetroPCS have approved the combination of the two entities in what’s known as a reverse merger. According to sources familiar with the companies and their plans, MetroPCS will acquire T-Mobile USA but will be still be called T-Mobile and run by its current CEO, John Legere.

Once finalized, Deutsche Telekom will hold 74 percent of shares and MetroPCS will have the remaining 26 percent, receiving $1.5 billion along the way.  A formal announcement for the merge has not been made yet but we anticipate something shortly.  If/when the government gives the nod, the combined company will service around 42.5 million subscribers, still behind Verizon, AT&T, and Sprint.

Financial Times Deutschland

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Scott Webster
Scott Webster 6775 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.