T-Mobile In Talks To Buy MetroPCS: report

Wednesday, May 9, 2012

T-Mobile In Talks To Buy MetroPCS: report

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Deutsche Telekom is reportedly in talks to buy the U.S. fifth largest carrier, MetroPCS.

Bloomberg reported today that Deutsche Telekom, the parent company of T-Mobile, is considering a stock-swap transaction that would give the German company control over a T-Mobile and MetroPCs merged company. The report cited two unnamed people familiar with the talks.

Deutsche Telekom last year failed to complete the sale of T-Mobile USA to AT&T due to regulatory resistance.

Sprint had also reportedly discussed buying T-Mobile USA last year, after they have previously abandoned plans to buy MetroPCS.

Deutsche Telekom and MetroPCS representatives declined to comment.