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Telecom & Wireless

Flash: MetroPCS OKs Deal with T-Mobile

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By Paul Ausick Updated Published
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The board of directors of MetroPCS Communications Inc. (NYSE: PCS) has approved a merger with T-Mobile USA, a division of Deutsche Telekom AG, according to a report from Reuters. The report cites the Financial Times Deutschland as the source.

MetroPCS will receive $1.5 billion in cash and Deutsche Telekom will own 76% of the new company, which will be listed on an unnamed exchange.

For more, see T-Mobile Merger with MetroPCS Rolls Ahead.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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