Deutsche Telekom's T-Mobile USA will merge with flat-rate player MetroPCS (NYSE:PCS). The deal will combine T-Mobile's 33.2 million customers with MetroPCS' 9.3 million customers, and represents the latest major consolidation in the U.S. wireless industry.
The agreement will have a wide-ranging impact on the nation's handset, network and mobile content providers, and could represent a new shift in the balance of power among the nation's wireless carriers (if it is approved by regulators).
The Fierce editorial team will be covering the announcement from every possible angle in the hours and days ahead. We will update this page with all the relevant headlines from the deal. Stay tuned to this page for complete coverage.
Here's what the combined T-Mobile and MetroPCS would look like:
Click here for more slides detailing the transaction.
And check out T-Mobile CEO John Legere's video announcement of the deal:
Finally, check out T-Mobile and MetroPCS' combined spectrum, according to Mosaik Solutions. (Click here for a larger version of this image.)
See below for all of Fierce's coverage of this news:
Jarich: MetroPCS, T-Mobile and the question of 'culture'
October 5, 2012 | By Peter Jarich
By now, if you haven't seen all the news and analysis surrounding the pending merger between MetroPCS and T-Mobile USA, you either lost access to your PC earlier this week or you just don't care. In the hours after the news broke, our consumer team went over all these themes as we attempted to tease out the competitive implications of the deal. In the back and forth process, a few things were broadly agreed on. One topic, however, generated its fair share of debate: culture. Article
Sprint bid for MetroPCS faces range of complications
October 5, 2012 | By Phil Goldstein
Sprint Nextel's board will meet today to consider a counter offer for MetroPCS, according to the Wall Street Journal. However, if Sprint attempts to steal MetroPCS from Deutsche Telekom's T-Mobile USA, the effort will be complicated by Sprint's network upgrade plan and the terms of the current deal between T-Mobile and MetroPCS. Article
Clearwire: M&A around MetroPCS is a 'distraction'
October 4, 2012 | By Mike Dano
Clearwire (NASDAQ:CLWR) CFO Hope Cochran said that T-Mobile USA's plans to acquire MetroPCS--and Sprint Nextel's rumored plan to make a competing bid for MetroPCS--won't have an effect on Clearwire's long-term business prospects. However, she said that the noise around MetroPCS could distract Clearwire's potential wholesale customers. Article
Sprint, Leap left on the outside of T-Mobile/MetroPCS deal
October 4, 2012 | By Phil Goldstein
The proposed merger of Deutsche Telekom's T-Mobile USA with MetroPCS has obvious ramifications for the two carriers, but the deal will also have major implications for the carriers left on the outside of the M&A bubble: Sprint Nextel and Cricket provider Leap Wireless. Article
T-Mobile's 'rock star' CTO faces huge challenge with MetroPCS buy
October 4, 2012 | By Tammy Parker
Until Oct. 3, T-Mobile USA's Neville Ray was merely a chief technology officer. Now he is a "rock star" charged with engineering the largest U.S. mobile network merger in history. Article
T-Mobile/MetroPCS merger could spur VoLTE innovation
October 3, 2012 | By Tammy Parker
T-Mobile USA's acquisition of MetroPCS has the potential to bring about technological innovations in the U.S. mobile marketplace and accelerate the deployment of advanced services, according to analysts. Article
Deutsche Telekom pushes for scale with T-Mobile/MetroPCS merger
October 3, 2012 | By Paul Rasmussen
For Deutsche Telekom, the move to merge T-Mobile USA with regional U.S. operator MetroPCS could be part of the solution it has been searching for to its long-standing problems with its U.S. subsidiary, having failed to gain regulatory approval to merge T-Mobile USA with AT&T last year. Article
T-Mobile takes on Verizon, AT&T with MetroPCS buy
October 3, 2012 | By Sue Marek
Last week a top T-Mobile USA executive admitted the company had "lost its way" after AT&T Mobility announced its planned $39 billion acquisition of T-Mobile. That deal, of course, fell through in December 2011 when AT&T revoked its bid after facing intense opposition from regulators at the Department of Justice. Article
T-Mobile promises 20x20 MHz LTE network with MetroPCS spectrum
October 3, 2012 | By Mike Dano
T-Mobile USA executives said the carrier's plan to merge with MetroPCS is primarily an attempt to generate savings by combining the carriers' LTE, CDMA and HSPA networks. Specifically, T-Mobile plans to merge MetroPCS' existing LTE network into its own planned LTE network and to refarm MetroPCS' 1900 MHz CDMA spectrum for HSPA+ services. Article
Regulators likely to smile on merger of T-Mobile and MetroPCS
October 3, 2012 | By Mike Dano
T-Mobile USA and MetroPCS expect to close their planned merger sometime in the first half of next year. Standing in the way of the transaction are the FCC and the Department of Justice, which worked to kill AT&T's attempt to purchase T-Mobile last year in a $39 billion deal. Article
T-Mobile USA/MetroPCS merger poses content integration headaches
October 3, 2012 | By Jason Ankeny
The merger of Deutsche Telekom's T-Mobile USA subsidiary and MetroPCS Communications not only brings together their respective customer bases and spectrum licenses but also their mobile content efforts, calling into question which services the combined company will continue to offer moving forward. Article
Deutsche Telekom's T-Mobile USA to merge with MetroPCS
October 3, 2012 | By Phil Goldstein
Deutsche Telekom and flat-rate player MetroPCS agreed to merge DT's T-Mobile USA operations with MetroPCS. The action represents the second blockbuster attempt by DT to alter its U.S. strategy after AT&T's $39 billion acquisition of T-Mobile fell apart in late 2011. Article