Breaking news from the wireless industry was revealed today when a merger between T-Mobile USA and MetroPCS was announced. The new company will be titled T-Mobile and operate under the direction of T-Mobile’s current Chief Executive. If approved by regulators, the deal involves MetroPCS consolidating T-Mobile USA into a publicly traded stock. Deutsche Telekom, T-Mobile’s current parent company, will own 74% of the newly established T-Mobile. MetroPCS shareholders will be paid $1.5 billion in cash and receive 26% ownership. The deal is expected to provide T-Mobile with new ways to attract investors which will bolster growth.