Deutsche Telekom, the German parent company of wireless carrier T-Mobile USA, announced Wednesday that T-Mobile will merge with MetroPCS to create the fourth largest cell phone company in the U.S., behind Verizon Wireless, AT&T, and Sprint. The combined company, which will have the T-Mobile name, is expected to have roughly 42.5 million subscribers and $24.8 billion of revenue. Last year, AT&T announced it had agreed to buy T-Mobile USA for $39 billion. But the deal was called off after running into opposition from government agencies that said it would create a less competitive wireless industry.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What is Molly? Everything you need to know about the party drug
- The Obama era is over. The presidency continues.
- America created the Islamic State of Iraq and Syria? Meet the ISIS 'truthers'
- Russia's giant spy ship was a high-tech disaster waiting to happen
- How American businessmen are ruining American business — and the U.S. economy
- What would a U.S.-Russia war look like?
- How Harry Houdini escaped death
- 10 things you need to know today: September 2, 2014
- On ISIS, neocons and liberal hawks have a 'boy who cried wolf' problem
- How to stop misogynists from terrorizing the world of gamers
Subscribe to the Week