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.

If you liked this article you might like

Quick Tips: Now What Should Investors Do?

Quick Tips: Now What Should Investors Do?

7 Inexpensive ETFs for Small-Cap and Micro-Cap Exposure

7 Inexpensive ETFs for Small-Cap and Micro-Cap Exposure

Buy Stocks That Are Right for You: Cramer's 'Mad Money' Recap (Friday 2/16/18)

Buy Stocks That Are Right for You: Cramer's 'Mad Money' Recap (Friday 2/16/18)

Shorts Trampled In Bull Market Rally; UPS Share Structure Examined -- ICYMI

Shorts Trampled In Bull Market Rally; UPS Share Structure Examined -- ICYMI

Jim Cramer: These 4 Stocks Seem Attractive Right Here

Jim Cramer: These 4 Stocks Seem Attractive Right Here