T-Mobile’s Plans to Face Competitors: Tech Business Roundup
Deutsche Telekom’s (NYSE:DTE) American subsidiary T-Mobile USA, which is the fourth-largest domestic mobile-phone company, is ready to accommodate additional deals so as to catch up with competitors when its merger with MetroPCS Communications (NYSE:PCS) is finalized. The firm’s Chief Technology Officer Neville Ray asked on Friday at a conference organized by Morgan Stanley in Barcelona, “Are there opportunities for us to continue to grow scale on our business through combinations or acquisitions? Historically we’ve always been open and looked at those opportunities and will continue to do so.” However, after the merger with MetroPCS, T-Mobile still finds itself behind carriers like Verizon Wireless (NASDAQ:VOD), AT&T (NYSE:T), and Sprint Nextel Corporation (NYSE:S) in numbers of customers, but on the upside, the addition of wireless frequencies and the exit of millions of contract customers have left T- Mobile with room for more voice and data traffic.
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