Deutsche Telekom said Tuesday it’s in talks with MetroPCS Communications Inc. to combine their U.S. wireless businesses, giving T-Mobile USA the greater scale it needs to compete with Verizon Wireless and AT&T.
The plan includes putting the U.S. operators into one company in which Deutsche Telekom will hold the majority of shares, the Bonn-based company said. Deutsche Telekom’s supervisory board is scheduled to meet in Bonn today to approve the transaction, people with knowledge of the matter said, asking not to be identified because the plan is confidential. T-Mobile USA is seeking to stem client losses it has suffered partly from not having the rights to sell Apple’s iPhone.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.