Apple (NASDAQ:AAPL) has a new suitor. At its Capital Markets Day in Bonn, Germany, T-Mobile USA parent company Deutsche Telekom announced that T-Mobile will finally carry Apple products starting in 2013.
While the press release wasn't specific as to exactly what products it was referring to -- whether it would be the iPhone, iPad, or something else -- it's a crucial step for T-Mobile, which has found itself as the only major telecom company in the U.S. without Apple support. AT&T (NYSE:T) became the first Apple carrier back in 2007 with the iPhone's launch, and Apple signed deals with Verizon (NYSE:VZ) and Sprint (NYSE:S) last year.
Deutsche Telekom's Chairman of the Board of Management, René Obermann, announced the agreement as part of a much larger statement, saying, "...we have now added the final piece to the jigsaw to boost the competitiveness of T-Mobile USA sustainably."
A number of other news points were released from the company, including a plan to invest $4 billion in optimizing its U.S. LTE network. Deutsche plans capital expenditure of $4.7 billion next year in the U.S., with $3 billion in 2014 and 2015.
Apple's stock has gained slightly on the day, pushed more by yesterday's dramatic drop than the T-Mobile news, in gaining half a percent.
Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.