T-Mobile/MetroPCS Wants to be 4G 'Value-Leader'T-Mobile/MetroPCS Wants to be 4G 'Value-Leader'

T-Mobile US Inc. and MetroPCS Inc. (NYSE: PCS) are describing their plan to merge as a move to create a 4G Long Term Evolution (LTE)-driven "value-leader" mobile operator to take on rivals in the U.S. (See T-Mobile, MetroPCS to Merge.)

The operators confirmed merger plans this morning. T-Mobile owner Deutsche Telekom AG (NYSE: DT) will pay $1.5 billion to MetroPCS shareholders and take a 74 percent ownership of the recapitalized company. MetroPCS will hold a 26 percent ownership. The two service providers will work as separate units but move to a common network infrastructure as soon as possible.

"We are here to compete, we are here to unlock value and we're here to win," trumpeted Deutsche Telekom CEO Rene Obermann on the conference call Wednesday morning.

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