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 technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.