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T-Mobile, MetroPCS merger officially approved [updated]

Updated Dec 19th, 2018 8:37PM EST

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America’s fourth-largest wireless carrier is about to get a little larger. Unnamed sources have told the Wall Street Journal that the boards for both T-Mobile parent company Deutsche Telekom and MetroPCS (PCS) have approved a merger between the two American wireless carriers, thus giving T-Mobile another added boost as it prepares to launch its own LTE network next year. One source told the Journal that the newly-merged company “will be called T-Mobile and run by T-Mobile Chief Executive John Legere.”

UPDATE: T-Mobile has officially confirmed its merger with MetroPCS in a company blog post. T-Mobile says that the merger is “structured as a recapitalization, in which MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of $1.5 billion to its shareholders (approximately $4.09 per share prior to the reverse stock split) and acquire all of T-Mobile’s capital stock by issuing to Deutsche Telekom 74% of MetroPCS’ common stock on a pro forma basis.”


Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.