AT&T would allow its customers to trade their phone every year for a new and discounted device without spending for an upfront payment.

Analysts said that T-Mobile could potentially gain more customers with the new strategy that would not ask for an upfront payment.

AT&T's acquisition of Leap puts pressure on smaller rivals to make mergers and purchases of their own.

Softbank Corp's CEO, Masayoshi Son said that a deal with T-Mobile will be his Plan B if he fails to acquire Sprint Nextel.

Glass Lewis has recommended the acceptance of new merger terms for T-Mobile and MetroPCS. In a 180 degree turn, proxy advisory firm Glass Lewis is now recommending to its MetroPCS Communications shareholders to approve the wireless service provider's merger with T-Mobile USA.

Glass Lewis, the second largest proxy firm in T-Mobile, has voiced its opposition to the standing merger with MetroPCS.

ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.

MetroPCS reaffirms commitment to combination with T-Mobile USA MetroPCS Communications, Inc. (NYSE: PCS) today reaffirmed its commitment to the proposed combination of MetroPCS and T-Mobile USA announced October 3, 2012 in response to a letter from P.

Shareholders holding about 7.5 million shares of MetroPCS Communications said intends to vote against the company's proposed merger