eutsche 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.
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