News Summary: T-Mobile, MetroPCS unite
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Source: Business News
Originally published: Oct 3, 2012 - 3:08 pm
Originally published: Oct 3, 2012 - 3:08 pm
(AP) - CONNECTED: T-Mobile and MetroPCS have agreed to combine their struggling cellphone businesses in a deal aimed at letting them compete better with their three larger rivals.
LONG-DISTANCE: Deutsche Telekom will hold a 74 percent stake in the combined company. MetroPCS shareholders will own the rest.
HOW MANY BARS?: The combined company will stay No. 4 among U.S. wireless carriers behind Verizon Wireless, AT&T and Sprint Nextel.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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