T-Mobile USA Inc., which announced plans to merge with MetroPCS Communications Inc., will still struggle to compete against the largest U.S. carriers without network upgrades and popular devices such as the iPhone. T-Mobile’s parent, Deutsche Telekom AG, agreed to combine the two U.S. businesses in a stock and debt restructuring that pays $1.5 billion in cash to MetroPCS shareholders. Bonn-based Deutsche Telekom will hold 74 percent of the merged company, which will trade on the New York Stock Exchange. Read the full story at Bloomberg.
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.