T-Mobile and MetroPCS merger set for May 1
The T-Mobile and MetroPCS merger has been officially cleared and given the “go ahead” for a May 1 finalization. After MetroPCS stockholders approved the acquisition earlier in the week, T-Mobile’s parent company, Deutsche Telekom, reported that the consolidation will take effect on May 1, 2013.
“The merger adds valuable tailwind to our Uncarrier Strategy in the USA…Together with MetroPCS, we will make considerable improvements to our competitive position with our combined state-of-the-art network, more powerful sales model and top devices.” - Timotheus Höttges, CFO of Deutsche Telekom and Chairman of the newly-formed company. “