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

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

AI Pioneer Andrew Ng: There's Room for Multiple Winners in the AI Race

How to Make Your Life Successful Just Like Billionaire Warren Buffett

These Are the Top 50 Jobs in the U.S. Right Now

Driving This Beastly Cadillac CTS Reminded Me That Sexism Is Alive and Well