Deutsche Telekom, parent company to T-Mobile USA, said Wednesday it has struck a merger deal with prepaid regional carrier MetroPCS.
According to the agreement, MetroPCS shareholders will get $1.5 billion in cash and a 26 percent stake in the combined company. Deutsche Telekom will own the remaining 74 percent of the company.
The deal requires regulatory approval from the Federal Communications Commission and U.S. Department of Justice. The deal is expected to close in the first half of 2013.
"We are extremely pleased to announce this transaction with MetroPCS, which enhances Deutsche Telekom's position in the … Read more