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Moody's may lift MetroPCS
Moody's Investors Service said it placed the all the ratings of MetroPCS Wireless, Inc., including its B1 corporate family rating, on review for upgrade following the company's announced plan to merge with T-Mobile USA.
According to Moody's, the combination of MetroPCS and T-Mobile USA will create a wireless operator with approximately $25 billion in revenues and 42 million subscribers.
The transaction is expected to be completed in the first half of 2013.
Moody's said the review of MetroPCS's ratings would focus on DT's plans with regard to the existing MetroPCS debt and the post-close capital structure of the new entity.
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