It was confirmed yesterday that MetroPCS and T-Mobile were in talks of a merger, now the deal has been approved. MetroPCS and their 9.3 million subscribers will be under the T-Mobile umbrella, headed by T-Mobile’s CEO John Legere. T-Mobile and MetroPCS have fewer subscribers than Verizon, AT&T, and Sprint, but this deal will bring them to over 35 million customers. This isn’t the first time T-Mobile has tried a merger, but this deal seems more likely to go through, giving T-Mobile more subscribers and network coverage. Deutsche Telekom will have a large stake in the new company which may or may not diminish over time. Expect for this deal to be finalized early next year.
Source: The Verge