T-Mobile USA's parent, Deutsche Telekom AG, and MetroPCS confirmed today that they are in talks to combine operations.
Both companies sent out statements confirming recent speculation that a potential deal was brewing. Here are their respective comments:
Deutsche Telekom is holding talks with the listed company MetroPCS with the aim of operating its subsidiary T-Mobile USA and MetroPCS within one company in which Deutsche Telekom would hold the majority of shares.
The talks are at a stage where significant issues have not yet been finalized, contracts have not yet been signed and the conclusion of the transaction … Read more