The pending merger of T-Mobile USA and MetroPCS...
The pending merger of T-Mobile USA and MetroPCS will have positive credit effects for T-Mobile owner Deutsche Telekom, Moody’s Investors Service said Friday in an email to investors. The merger “improves Deutsche Telekom’s market position in the US and clarifies…
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a number of strategic questions in respect of its future interest in the U.S. market,” Moody’s said. The combined carrier will have 42 million customers -- about 12 percent of the U.S. wireless market, Moody’s said. While the deal gives T-Mobile an “increased scale and an enhanced competitive position” against Verizon Wireless and AT&T, Sprint Nextel would emerge as a stronger force if SoftBank succeeds in its bid to buy 70 percent ownership of the No. 3 carrier, Moody’s said. Deutsche Telekom said it expects T-Mobile and MetroPCS to merge after the close of business Tuesday (CD April 26 p14).