76
      Saturday
      84 / 55
      Sunday
      83 / 56
      Monday
      79 / 52

      Report: T-Mobile close to buying MetroPCS

      NEW YORK (AP) The parent of T-Mobile USA, the country's fourth-largest cellphone carrier, is reportedly close to a deal to buy smaller MetroPCS Communications Inc.

      Bloomberg News says the board of Deutsche Telekom AG, the German company that owns T-Mobile USA, is set to vote on the deal Wednesday.

      The companies did not immediately respond to requests for comment. The Bloomberg report did not say what T-Mobile would pay.

      MetroPCS shares shot up 18 percent on the news, and Deutsche Telekom's U.S. shares rose 2 percent.

      The deal would add 9.3 million subscribers to T-Mobile USA's 33.2 million. The combined company would still trail No. 3 Sprint Nextel Corp. in size. But it would provide T-Mobile with access to additional space on the airwaves for wireless broadband services.
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