T-Mobile to improve bid for MetroPCS, report says
The wireless carrier could announce better terms for the potential merger as early as Wednesday, according to a report in The Wall Street Journal.
Deutsche Telekom, the owner of U.S. wireless carrier T-Mobile, is working on improved terms for the carrier's bid for MetroPCS, according to a report today in The Wall Street Journal.
Unnamed sources told the Journal that the German telecommunications company is probably going to announce the sweetened deal as early as Wednesday. The new terms, which could help save the merger despite shareholder protest, will likely reduce the amount of debt transferred to the new company, according to the report.
When CNET contacted T-Mobile, the company declined to comment. Deutsche Telekom said earlier this month that its existing agreement was sufficient and that it would not be changing the terms.
T-Mobile, which experienced afailed merger with AT&T in 2011, wants to join with MetroPCS to improve its standing in the race for LTE coverage. T-Mobile is the last of the four major U.S. carriers to introduce LTE to its network.