Apple to Sell Products Through T-Mobile (Update 1)
Story updated with T-Mobile statement and closing prices
NEW YORK (TheStreet) -- T-Mobile USA has clinched a deal to offer Apple (AAPL) products on its U.S. network.
The Deutsche Telekom subsidiary looked on enviously in recent years as U.S. telecom heavyweights AT&T (T), Verizon (VZ) 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 @jamesjrogersSelect the service that is right for you!
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