Deutsche Telekom mulling T-Mobile / MetroPCS marriage
Well, turns out that rumors of a MetroPCS and T-Mobile merger weren't completely off base. While we wouldn't expect Deutsche Telekom to announce the sale of its US property any time soon, the German giant has confirmed that its holding talks with America's sixth largest mobile operator to combine the two networks. The prospective deal would involve combining the two into a single entity, with Deutsche Telekom as the majority shareholder. Of course there are significant obstacles in the way, including divergent network technologies and distinctly different marketing strategies. This is, of course, just the latest scene in the ongoing piece of corporate theater that almost saw the struggling magenta carrier absorbed by AT&T. We'll of course be following closely to see if such a move would sit a little better with government regulators. The complete statement from Deutsche Telekom Metro PCS confirming the talks is after the break.
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MetroPCS Issues Statement
DALLAS, Oct. 2, 2012 /PRNewswire/ -- MetroPCS Communications, Inc. (NYSE: PCS) today issued the following statement:
"MetroPCS today confirmed that it is in discussions with Deutsche Telekom regarding an agreement to combine T-Mobile USA and MetroPCS. There can be no assurances that any transaction will result from these discussions, and the Company does not intend to comment further unless and until an agreement is reached."
About MetroPCS Communications, Inc.
Dallas-based MetroPCS Communications, Inc. (NYSE: PCS) is a provider of no annual contract, unlimited wireless communications service for a flat rate. MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. With Metro USA(SM), MetroPCS customers can use their service in areas throughout the United States covering a population of over 280 million people. As of June 30, 2012, MetroPCS had approximately 9.3 million subscribers. For more information please visit www.MetroPCS.com.
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