4:06 pm
Bonn, Germany; Bellevue, WA; and Richardson, TX – October 3, 2012 – Deutsche Telekom DTE.XE +0.11% and MetroPCS Communications, Inc. PCS -9.93% today announced that they have signed a definitive agreement to combine T-Mobile USA (“T-Mobile”) and MetroPCS. This transaction will create the leading value carrier in the U.S. wireless marketplace, which will deliver an enhanced customer experience through a wider selection of affordable products and services, deeper network coverage and a clear-cut technology path to one common LTE network. The combined company, which will retain the T-Mobile name, will have the expanded scale, spectrum and financial resources to aggressively compete with the other national U.S. wireless carriers.
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