T-Mobile, MetroPCS Unite To Grow Deutsche Telekom US Biz

Law360, New York (October 3, 2012, 4:22 PM EDT) -- Deutsche Telekom AG will essentially spin off its T-Mobile USA Inc. subsidiary in a multibillion-dollar deal that funnels it into a combined company with fellow carrier MetroPCS Wireless Inc., the German company said Wednesday.

T-Mobile and MetroPCS will unite as a single company under the T-Mobile banner, 74 percent of which Deutsche Telekom will own. Subject to regulatory and shareholder approval, the companies said they expect to finalize their merger in the first half of 2013. News of the deal comes one day after Deutsche Telekom...
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