T-Mobile USA Inc., which announced plans to merge with MetroPCS Communications Inc., will still struggle to compete against the largest U.S. carriers without network upgrades and popular devices such as the iPhone. T-Mobile’s parent, Deutsche Telekom AG, agreed to combine the two U.S. businesses in a stock and debt restructuring that pays $1.5 billion in cash to MetroPCS shareholders. Bonn-based Deutsche Telekom will hold 74 percent of the merged company, which will trade on the New York Stock Exchange. Read the full story at Bloomberg.
T-Mobile Would Still Rank No. 4 After ‘Shotgun Wedding’
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).