Story updated with T-Mobile statement and closing prices
The Deutsche Telekom subsidiary looked on enviously in recent years as U.S. telecom heavyweights AT&T (T - Get Report), Verizon (VZ - Get Report) and Sprint (S) started selling the tech giant's popular wares, such as the iPhone and iPad.
T-Mobile is America's fourth-largest cellular carrier."T-Mobile USA has entered into an agreement with Apple to bring products to market together in 2013," explained Deutsche Telekom, in a statement released on Thursday. Specific details of the partnership have not yet been revealed, although John Legere, the chief executive of T-Mobile USA, has confirmed that the network will carry the iPhone, according to The L.A. Times. T-Mobile's U.S. operation is involved in the wave of consolidation sweeping the U.S. telecom sector and is set to merge with MetroPCS (PCS). The T-Mobile USA/MetroPCS deal is expected to closed in the second quarter of 2013. Shares of Apple closed up 1.35% at $546.09 on Thursday. MetroPCS shares gained 2.67% to close at $10.37. -- Written by James Rogers in New York. Follow @jamesjrogers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts