Mergers and Acquisitions: Deutsche Telekom In Talks With MetroPCS
Deutsche Telekom (DTEGY.PK) says that it is in discussions with MetroPCS Communications (NYSE:PCS) regarding a merger with its T-Mobile USA division, but that the major topics have not yet been finalized. DT’s board is schedule to vote on the deal Wednesday. Ramifications include Sprint (NYSE:S) now being expected to look into Leap Wireless International (NASDAQ:LEAP) and its valuable spectrum; the likelihood of a MetroPCS and Clearwire Corporation (NASDAQ:CLWR) wholesale agreement is now lower and worries exist that a Sprint/Leap arrangement would decrease Clearwire’s value to Sprint.
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