June 19, 2013
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Article Photos: T-Mobile, MetroPCS unite to battle larger rivals
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In this Feb. 25, 2011 file photo, a T-Mobile store is shown in Palo Alto, Calif. The parent company of T-Mobile USA says it is merging its cell phone business with MetroPCS Communications. Deutsche Telekom AG says its board of directors and the supervisory board have approved the merger Wednesday, Oct. 3, 2012. It says the board of MetroPCS has also accepted the deal. It says Deutsche Telekom will hold 74 percent of the new business. MetroPCS's shareholders will have the remaining stake and receive a payment of about US dollar 1.5 billion. (AP Photo/Paul Sakuma)
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