There have been rumors over the last couple of days that T-Mobile and its parent company Deutsche Telekom are looking to take over us carrier MetroPCS, and it looks like the deal has now been approved by the board of both companies.
The deal will see the two companies merge, with Deutsche Telekom holding a 74 percent stake in the company and MetroPCS holding a 26 percent stake, MetroPCS will receive a payment of $1.5 billion for T-Mobile.
The new mobile carrier will remain under the T-Mobile branding, of course it will still need to obtain the necessary regulators approval before the deal is finalized.
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