Shelly Palmer

DT in talks to merge T-Mobile USA with MetroPCS

T-Mobile

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.