T-Mobile/MetroPCS Deal To Close in 2Q 2013
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)and Verizon (VZ).
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