The rumors of a T-Mobile/Metro PCS merger have been burning hot over the past 24 hours and it appears for good reason. The merger is real and was announced by T-Mobile a short while ago. T-Mobile USA will be merging with Metro PCS in a $1.5 billion deal. Not only will MetroPCS Shareholders receive $1.5 Billion in cash, but they will also have a 26% ownership in the combined company. Not a bad deal if you ask me.