Apparently the “significant issues” that stood in the way of a prospective T-Mobile and MetroPCS deal couldn’t have been too onerous. Just a day after acknowledging that talks were underway both boards have approved the deal according to the Wall Street Journal. Details of the deal haven’t been officially announced yet, but Financial Times Deutschland are reporting that the two carriers will be combined into a single unit in which Deutsche Telekom will hold 74 percent of shares. MetroPCS will have a 26 percent stake in the company and receive a $1.5 billion check for its troubles. Expectations are that this will put the kibosh on a recent deal T-Mobile struck with Crown Castle to lease its mobile towers for $2.4 billion.
Developing…
Filed under: Cellphones, Wireless, Mobile, T-Mobile
Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger originally appeared on Engadget on Wed, 03 Oct 2012 08:13:00 EDT. Please see our terms for use of feeds.
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