On Tuesday morning, representatives from MetroPCS and Deutsche Telekom (T-Mobile USA’s parent company) held a conference call to reveal details about the proposed merger between the companies. MetroPCS shareholders are to receive $1.5 billion in cash and a 26 percent share in the as-yet unnamed company.

“The combination means we are there to compete, we are here to unlock value, and we are here to win,” Deutsche Telekom CEO Rene Obermann told those on the call.

He added that the deal would give the company a significantly better position to roll out LTE, and that the American market is “attractive” to Deutsche Telekom.

The new company, which will be 74 percent controlled by Deutsche Telekom, is setting itself up as the no-contract carrier with the largest revenue. Corporate slides show that the “NewCo” would have taken in a combined $1.6 billion in the second quarter of 2012, compared to Sprint’s $1.2 billion, the next highest.

As we’ve reported before, no-contract, or prepaid mobile customers are on the rise in the US. Earlier this year, no-contract customers (myself included) reached 25 percent of the American mobile market.

The company has stated it will have an estimated “2012 pro forma revenue” of $24.8 billion over 42 million customers.