T-Mobile and MetroPCS merger expected to close in Q2 2013

Now that Sprint is all but out of the picture when it comes to breaking up the reverse merger of T-Mobile by MetroPCS, the CFO of Deutsche Telekom (T-Mobile USA's parent company) is talking about the expected completion of the deal. When the merger was first agreed upon by the two companies, the deal was expected to close sometime just after the first of the year. Now CFO of DT Timotheus Hoettges is indicating that we should expect the deal to be finished by June 2013.

This deal couldn't come any sooner for T-Mobile USA and Deutche Telekom alike, both of which would like to have better options in the U.S. wireless market. T-Mobile USA has been coming up short in the U.S. behind Verizon and AT&T, and could use the additional subscribers and spectrum from MetroPCS to improve their position. Deutsche Telekom likes the liquidity that a new publicly traded company provides, allowing them to leave the U.S. market easily if they see fit.

Source: Reuters