This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

T-Mobile/MetroPCS Deal To Close in 2Q 2013

NEW YORK ( TheStreet) - Germany's Deutsche Telekom hopes to complete the merger of its T-Mobile USA business and MetroPCS (PCS) before next summer.

Reuters reports that Deutsche Telekom's CFO Timotheus Hoettges told German newspaper Boersenzeitung that the merger should be completed in the second quarter of 2013.

The deal, announced nearly two weeks ago, will see MetroPCS buying T-Mobile's U.S. operation - the fourth largest cellular company in this country - in an effective 26%-74% reverse merger. The newly combined company should be better equipped to compete with larger rivals AT&T (T - Get Report)and Verizon (VZ - Get Report).

It could also mean increased competition for the current number three cellular provider Sprint (S), which announced a deal with Japan's Softbank early on Monday.

The merger also gives Deutsche Telekom a big, liquid asset.

Hoettges assured current Deutsche Telekom shareholders that the company's planned dividend will not be affected by the deal. Shareholders are still set to receive dividends of €0.7 (91 cents) per share for 2012.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to:

Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
S $4.75 -0.84%
T $32.84 0.06%
VZ $48.51 0.19%
PCS $11.84 0.00%
AAPL $124.09 -0.12%


DOW 17,691.18 +12.95 0.07%
S&P 500 2,056.70 +0.55 0.03%
NASDAQ 4,878.1490 +14.7870 0.30%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs