T-Mobile parent company reportedly close to a deal with MetroPCS
MetroPCS, one of the top bargain wireless carriers in the United States, may soon be acquired by T-Mobile parent company Deutsche Telekom. Unnamed sources told Bloomberg on Tuesday that the German telecom company was “nearing a deal with MetroPCS Communications Inc. to bolster its T-Mobile USA division,” implying that MetroPCS and T-Mobile could soon merge to create a large wireless carrier more capable of competing with rivals Verizon (VZ), AT&T (T) and Sprint (S). The sources told Bloomberg that “Deutsche Telekom’s board is scheduled to meet in Bonn tomorrow to approve a transaction and the German company may make an announcement as early as tomorrow.” The Bloomberg report doesn’t specifically say the two companies will merge but the news service reported last week that MetroPCS has been meeting with “suitors” interested in buying it.
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