Last year we heard that T-Mobile and MetroPCS had agreed to merge their two companies in the US in a deal which was worth $1.5 billion US dollars, this was back in last October and was subject to the necessary regulatory approval.
The deal will give Deutsche Telekon a 74 percent stake in the new company and MetroPCS a 24 percent stake in the new company, and Metro PCs will get a payment of $1.5 billion from T-Mobile.
It would appear that the merger has now been approved by both the FCC and the Justice Department in the US, which should mean that the merger will now go ahead as planned.
Source The Verge
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