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T-Mobile, MetroPCS Merger Very Close
Could Be Announced This Week
by Karl Bode 12:38PM Tuesday Oct 02 2012 Tipped by FFH See Profile
Fresh off of their disastrous failed merger attempt with AT&T, T-Mobile owners Deutsche Telekom have a far more modest merger target: MetroPCS. Those ever-busy "people with knowledge of the matter" tell Bloomberg News andReuters that the deal is close to being announced, with Deutsche Telekom’s supervisory board scheduled to meet in Bonn tomorrow to approve the deal. MetroPCS has been shopping itself around for a sale for some time, and was a hair's breadth away from being acquired by Sprint earlier this year, until the Sprint board nixed the deal at the last second. Rumors of a T-Mobile and MetroPCS deal have been floating around since early this year, with Deutsche Telekom insisting such a deal wasn't necessary.

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