$1.5 billion agreement reached in T-Mobile/MetroPCS merger
Only a day after word surfaced of talks between T-Mobile parent company Deutsche Telekom and MetroPCS with an aim to merge the two US carriers, a deal has been reached, according to The Wall Street Journal. MetroPCS and DT board members have come to an agreement to combine the operations of T-Mobile and MetroPCS, with the latter maintaining a 26 percent share of the company and receiving a $1.5 billion payout, reports Financial Times Deutschland.
The deal will still need to pass the necessary regulatory approvals, but that shouldn’t be as insurmountable an issue as it was for DT the last time they attempted to broker a deal with their US branch of operations. Attempting to sell off T-Mobile to AT&T in 2011, the move was shot down by US governing bodies.
[via Endgadget]