T-Mobile strengthens US position with MetroPCS
- Published: 3 Oct 2012 at 20.49
- Online news: World
T-Mobile USA unveiled plans Wednesday to merge with smaller rival MetroPCS in a deal that boosts the fourth-largest US wireless carrier's effort to compete in the fast-growing American market.
A T-Mobile store in New York City. T-Mobile USA, the US wireless unit of Deutsche Telekom, will merge with US-based carrier MetroPCS in a cash and stock deal which will give the German firm a 74 percent stake in the company.
T-Mobile's parent Deutsche Telekom firm will hold a 74 percent stake in the new company, which will position itself as "the leading value carrier in the US wireless marketplace," a statement from the two firms said.
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