Deutsche Telekom in T-Mobile USA-MetroPCS merger talks

Deutsche Telekom is in talks to merge its T-Mobile USA unit with smaller rival MetroPCS, in a move that could pave the way for the German company to eventually exit the U.S. wireless market.

Deutsche Telekom said the discussions revolved around it taking a majority stake in a combined T-Mobile USA and MetroPCS, but it did not give any details of a potential deal structure and cautioned that “significant issues have yet to be finalized.”

via Business feed http://www.scmp.com/business/companies/article/1052875/deutsche-telekom-t-mobile-usa-metropcs-merger-talks