MetroPCS Communications, Inc. (PCS)

[bowonwing]

AP is reporting an all stock deal by DT (T-Mobile) for PCS, which has 363.2M shares outstanding.
@$10 a share= $3.632B

PCS has $2.2B in cash, making the value of the deal at $10/shr at $1.41B, less PCS' debt, which is over $4B and booked to 2016.

PCS has EBITA of $1.27B (ttm).

So DT spins off T-Mobile, which is then listed on NYSE after merging with PCS. Could be a brilliant move by DT, remember T-Mobile just received about $3B from ATT in $ and spectrum for the failed ATT bid for T-Mobile.

The dice are rolling ...