Business & Tech
Reports: T-Mobile to Get $4B Boost, Woos iPhone Users
Bloomberg News and the Los Angeles Times report that T-Mobile USA's parent company Deutsche Telekom plans to renew investment in the Bellevue-based company and win back customers.
Bellevue-based T-Mobile USA will get $1.4 billion of investment of its network over the next two years, as parent company Deutsche Telekom tries to boost the cellular provider after a failed merger with AT&T, Bloomberg News reports.
The Los Angeles Times reported that T-Mobile's investments will total $4 billion in all, as the fourth-largest carrier tries to stay competitive in the cellular business after a year of concentrating on the failed merger.
Deutsche Telekom, based in Germany, attempted to sell T-Mobile USA to Dallas-based AT&T last year, a move that was opposed by a number of . AT&T's was announced last March and . Since then, the company has lost 1.65 million customers in 2011, Bloomberg reported.
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The Los Angeles Times reports that the investments include a $4 billion upgrade to its 4G LTE service, which has an improvement in network speed.
The upgrades would make it possible for iPhone users to leave AT&T, Verizon or Sprint and defect to T-Mobile, which doesn't sell the Apple smartphone, the LA Times reports.
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While the company has not announced plans to offer the iPhone, it has released new SIM card that is compatible with the popular devices, the Times reported.
Read Bloomberg and the Los Angeles Times for more coverage.
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