T-Mobile USA, MetroPCS Merger Agreement Said to be Imminent
A new report says Deutsche Telekom’s board will meet Wednesday to approve a deal that would combine America’s fourth- and fifth-largest wireless operators.
A new report says Deutsche Telekom’s board will meet Wednesday to approve a deal that would combine America’s fourth- and fifth-largest wireless operators.
T-Mobile, the fourth-largest U.S. wireless provider, reportedly hopes to woo iPhone subscribers with its unlimited data plan, which AT&T no longer offers to new customers.
It’s anticipated that the nation’s two largest wireless providers “will see a big jump in cash flow in 2013.”
Among the conditions imposed by the FCC, Verizon Wireless must complete its spectrum swap with T-Mobile USA within 45 days of its closing of the other pacts.
T-Mobile USA lost 557,000 branded contract customers in the most recent quarter.
The sale would help Deutsche Telekom’s T-Mobile USA strengthen its financial position following its failed $39 billion merger last year with AT&T.
Sprint managed to beat the industry average while AT&T was below it.
Philipp Humm has presided over a company that has been struggling with subscriber losses and a failed merger with AT&T.
Though AT&T withdrew its plans last year to acquire T-Mobile USA, the controversial merger may have got T-Mobile customers thinking about AT&T.
T-Mobile USA is said to have a “well-thought-out campaign” for a comeback to the good old days a few years ago when it was increasing its market share.
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