NEW YORK (TheStreet) -- Wednesday was a good day to own MetroPCS (PCS) and Leap Wireless (LEAP) as the postpaid cellphone carriers jumped higher on over three times the average volume for both companies. MetroPCS popped over 20% to a high of $8.45 Wednesday when Bloomberg reported Deutsche Telekom (DT) , the parent company of T-Mobile USA, and MetroPCS are in possible merger talks.
MetroPCS is headquartered in Texas and currently has 9.3 million customers located primarily in 13 metropolitan areas. Leap Wireless followed higher as well, on speculation that it may also become in play soon.
T-Mobile is the largest postpaid carrier not offering the Apple (AAPL) iPhone after Sprint (S) added Apple products last year. T-Mobile's lack of iPhone sales is cited as one of the larger contributing causes of subscriber migration to other carriers. Last year, T-Mobile experienced a brutal subscriber decline of over 6%.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV