T-Mobile’s Parent Nearing Acquisition of MetroPCS

T-Mobile’s Parent Nearing Acquisition of MetroPCS

A collaborative report on Bloomberg this morning reports:

Deutsche Telekom AG (DTE) is nearing a transaction with MetroPCS Communications Inc. (PCS) to increase the scale of its T-Mobile USA division, according to people with knowledge of the matter.

Deutsche Telekom’s supervisory board is scheduled to meet in Bonn tomorrow to approve a deal, which will involve multiple steps and possibly a share swap, and the German company may make an announcement as early as the same day, the people said, asking not to be identified because the plan is confidential.

Deutsche Telekom appears poised to bolster its T-Mobile USA subsidiary by acquiring MetroPCS, the sixth-largest U.S. carrier.

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