Deutsche Telekom, Europe’s largest telecommunications company, has announced it is in talks to buy US wireless carrier MetroPCS.
The fifth largest carrier in the US, boasting more than nine million subscribers, MetroPCS is the country’s leading provider of non-annual-contract mobile phone services.
While it is keen to stress that the potential takeover is still in its early stages, Deutsche Telekom’s plans to merge MetroPCS with its T-Mobile USA unit sent the company’s up 17 percent.
The fourth-largest mobile carrier in the US, T-Mobile USA has more than 33 million customers. The proposed deal would provide the company with access to more space on the airwaves, a critical factor for mobile phone carriers as they look to expand their capacity for wireless broadband.