Deutsche Telekom said on Tuesday it is in talks to combine its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider. However the German company, which has been looking for a way to bolster its customer-losing U.S. business, said that “the conclusion of the transaction is still not certain” as key issues have not yet been finalized in its talks with MetroPCS. The company, which tried to exit the U.S. market last year but failed to complete a $39 billion T-Mobile USA sale to AT&T, also said its board had not “taken the resolutions necessary for such a transaction.” Read the full story at Reuters.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.