Updated Wednesday, May 9, 2012 at 06:16 PM
T-Mobile USA may take another merger rollercoaster ride.
Parent company Deutsche Telekom is "discussing a merger" of the Bellevue-based carrier with MetroPCS Communications, according to a Bloomberg report citing "people familiar with the matter."
Whispers about the deal come as the wireless industry wheels and deals in New Orleans during the CTIA Wireless trade conference, and just ahead of T-Mobile's quarterly earnings report Thursday morning.
It sounds like an acquisition of MetroPCS, the fifth-largest carrier in the U.S. behind T-Mobile in fourth place.
DT would trade stock for control of Dallas-based MetroPCS and then take the combined company public, Bloomberg reported. Another option is to sell T-Mobile USA or take it public alone.
MetroPCS stock rose 14 percent to $7.50 on the prospect of the deal.
Bloomberg's story suggests the combination of T-Mobile and MetroPCS would be likely to get regulatory approval -- unlike last year's rejected merger with AT&T -- because it would create stronger competition with dominant carriers AT&T and Verizon Wireless.