Published on 3rd October 2012
T-Mobile USA and Metro PCS will merge, the companies announced Wednesday, after getting approval from both company boards. In a statement, the companies said they combine their efforts to roll out a high-speed 4G LTE network. The deal, T-Mobile hopes, will give the new venture the “expanded scale, spectrum and financial resources to aggressively compete with the other national U.S. wireless carriers.” MetroPCS shareholders will receive $1.5 billion cash and 26 percent ownership in the new venture. T-Mobile USA parent company Deutsche Telekom will have majority control with 74 percent of the stake. Washington Post