More on MetroPCS/T-Mobile: A CC is underway (live blog, webcast). The combined company will...

|About: T-Mobile US, Inc. (TMUS)|By:, SA News Editor

More on MetroPCS/T-Mobile: A CC is underway (live blog, webcast). The combined company will retain the T-Mobile name. $6B-$7B in cost synergies are targeted. T-Mobile USA CEO John Legere will head the company, and Deutsche Telekom will nominate board members. MetroPCS, which is announcing a 1:2 reverse stock split, will receive a $250M termination fee if the deal falls through. T-Mobile and MetroPCS have 42M combined subs right now, though that number is declining.  PCS -4%.