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MetroPCS Confirms Merger Talks As Well

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By Jon C. Ogg Published

You already heard it earlier that T-Mobile was confirming discussions about a possible MetroPCS Communications, Inc. (NYSE: PCS) acquisition or merger. Now we have received a formal press release from MetroPCS about such merger discussions.

The company said, “”MetroPCS today confirmed that it is in discussions with Deutsche Telekom regarding an agreement to combine T-Mobile USA and MetroPCS.  There can be no assurances that any transaction will result from these discussions, and the Company does not intend to comment further unless and until an agreement is reached.”

MetroPCS Communications is seeing shares still up about 18% at $13.60 against a 52-week trading range of $5.53 to $12.48. As of 2:00 PM EST we have seen some 27 million shares trade hands.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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