Previously, we'd heard rumors and whispers that T-Mobile (by way of its parent company Deutsche Telekom) would be acquiring MetroPCS. Today, both companies' boards have approved the merger and, pending regulatory and MetroPCS shareholder approval, the deal should be completed by mid-2013. The two companies will have a combined subscriber base of about 42.5 million customers, which still leaves it in fourth place in the U.S. behind Sprint with 56 million and AT&T/Verizon who each have over 100 million users.
The biggest news is that this will allow T-Mobile the spectrum it needs to rollout a competitive LTE network. In fact, T-Mo's CEO John Legere hopes to some day be able to "taunt" competitors over their LTE coverage.