MetroPCS (PCS +19.7%) and Leap Wireless (LEAP +17.4%) soar on a Bloomberg report that Deutsche...

|By:, SA News Editor

MetroPCS (PCS +19.7%) and Leap Wireless (LEAP +17.4%) soar on a Bloomberg report that Deutsche Telekom (DTEGY.PK) is discussing a merger between MetroPCS and T-Mobile USA. The merger would involve a stock swap, and the combined company would be publicly listed. In addition, it's claimed Deutsche is weighing an IPO or outright sale for T-Mobile USA. All three carriers have been struggling (I, II) lately, thanks to prepaid weakness and a lack of iPhone sales.