Bloomberg Reports The Shareholders Have Spoken And “T-Metro” Is A Go

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Bloomberg is reporting that MetroPCS shareholders have spoken, and the deal has received their blessing. The vote marked the last in a series of steps both companies were going through in order to finalize the combination of the two companies. With all regulatory approvals behind them, the deal is now free to close and add 9 million MetroPCS customers to the T-Mobile ranks.

With the original vote pushed back after Deutsche Telekom sweetened the deal, MetroPCS shareholders met this morning and approved all 12 measures thereby approving the merger.

@BloombergNews

P.S. No, T-Metro isn’t the company name, just the fun joint name, kind of like Brangelina.

Deutsche Telekom and T-Mobile USA applaud MetroPCS Stockholder Approval of T-Mobile-MetroPCS Combination

At a special meeting in Richardson, Texas, the stockholders of MetroPCS approved the agreement with Deutsche Telekom to combine T-Mobile USA with their company. Deutsche Telekom applauds the shareholders’ decision, which clears the path for a new, combined, larger and more powerful mobile services provider in the USA.

“This is a major step for Deutsche Telekom,” said René Obermann, CEO of Deutsche Telekom Group. “We have accomplished a lot in the USA recently, for example our network modernization and the new T-Mobile USA management team, which has seen considerable success. And we have finalized the contracts with Apple and MetroPCS. The merger with MetroPCS is extremely important, since it enables us to be more aggressive in the USA.”

“The merger adds valuable tailwind to our Uncarrier Strategy in the USA,” said Timotheus Höttges, CFO of Deutsche Telekom and Chairman of the newly-formed company. “We have radically changed our business model and launched drastically simplified tariffs. Together with MetroPCS, we will make considerable improvements to our competitive position with our combined state-of-the-art network, more powerful sales model and top devices like the Apple iPhone 5 and the Samsung Galaxy S4.”

With today’s approval by MetroPCS’ stockholders, all the requisite approvals required to complete the proposed combination have been received and the transaction is expected to close by May 1, 2013. In line with the closing, the consolidation of the new company into the Deutsche Telekom Group will be effective as of May 1, 2013.

Developing…Stay tuned as more details arrive!

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  • http://twitter.com/SParKlngCyaNide SparklingCyanide

    Today…. is a VERY happy day. : )

  • D_Wall__

    This is great news. Lets see the coverage get better! Prices are good, Devices are premium, Now lets get the foothold of great coverage all around.

    • jimmiekain

      Thats what I care about… When will I see a difference in coverage? Or, is this going to be like when sprint bought nextel and 10 years later still have done nothing with it?

  • http://knightofscorpio.tumblr.com/ DtheArtist

    YES, Thank the lord.

  • bleeew

    AT&T, you hear that?

    • macman37

      Hear it?! They are definitely feeling it as they are trying to acquire more AWS spectrum for their LTE deployment to make up for what they had to give T-Mobile due to their failed attempted acquisition.

      • fsured

        Isn’t At&t on a buying roll of smaller regional companies? I thought I read they have taken over a good number since the Tmobile deal failed and that has allowed them to get the spectrum they needed. Tmobile is folding in a larger player but those bottom feeder companies should have decent spectrum when it’s all added up.

        • macman37

          You’re right in some respects; when Verizon bought Alltell, they had to diverse some of it to AT&T and other carriers. It looks like AT&T bought some of that spectrum from the other small carriers. They also bought some spectrum from Qualcomm after the T-Mobile acquisition was denied by the FCC and DoJ. It’s a bad, crying shame that a large company like them, who have roots in most of our areas for the landline, show very little understanding in that customer service goes a long way in retaining customers and attracting potential customers to become subscribers.

    • http://twitter.com/SParKlngCyaNide SparklingCyanide

      hear what? Att’s call dropped before they even heard the merger approval news….. lol

      • nycplayboy78

        LOLCATS!!! You wrong for that :)

  • â“œ@®!â“ž G@®CI@ â„¢

    This will be great T-Mobile FTW! Lets bring LTE

  • tmomanager

    ghetto mobile merges with the college crazies mobile

    • jonathan3579

      Seems like you’re on a vendetta so why are you here? Do you have nothing better to do?

    • CRT24

      If you really are a manager for t-mobile then I feel sorry for the people that work under you and the customers you serve.

      • GwapoAko

        Don’t feed the troll!

    • Andromedo

      Hahaha, which is which?

  • Amy Tran

    I want to know when T-Mo customer has access to MetroPCS’s LTE tower? It is the same AWS band!

    • http://twitter.com/SParKlngCyaNide SparklingCyanide

      noooo, Metro-PCS LTE in its current form is far slower than T-Mobile’s HSPA+42. They need to update Metro’s towers before I’ll get excited for them. Very Excited for the Future! I already have phenomenal T-Mobile spectrum in this area and Meto PCS has a lot of Spectrum here as well, both of those combined…. Oh Lord!! 50mHz LTE Advanced here we come!

      • Get_at_Me

        i hear u! i live in Florida. TMO and Metro both have quite a bit of spectrum there…cant wait the the networks to be intergrated

      • MGreen

        Will I be able to use Metro’s LTE on a Verizon iPhone 5 running on T-Mobil’s network?

  • Bud

    great day for tmobile. lte-a is a huge go!

  • NattyBoh41oh

    Does this deal mean that we will get a strong expansion in coverage?

    • squiggleslash

      No. T-Mobile has nationwide AWS spectrum, it just doesn’t use it all yet (it takes time to roll out infrastructure) and despite some badly drawn “combined network” coverage maps suggesting otherwise, most of MetroPCS’s existing coverage overlaps T-Mobile’s far larger existing coverage. (MetroPCS also uses it to provide cdmaOne/CDMA2000 coverage, which is incompatible with T-Mobile’s GSM/UMTS, and it’s version of LTE, which, even assuming it’s compatible with the version T-Mobile are going to roll out, isn’t something available to 99% of T-Mobile customers at the moment.)

      Bottom line: the deal isn’t going to make any difference whatsoever to your coverage.

      • samagon

        Not initially, but it should allow them to sell overlapping assets and buy new, or trade overlapping assets to increase coverage.

      • TMOTECH

        Wrong. You must remember that they have a lot of sites where TMO has none. We will put our tech on those site to expand coverage over the next 2 years. They also own PCS spectrum which will allow TMO to expand the U1900 coverage and implement dual carrier. Plus the AWS spectrum for LTE and we will have a kick ass network. Not to mention new sites that will be built this year and expanded HSPA+ will be coming.

        • squiggleslash

          You must remember that they have a lot of sites where TMO has none

          No they don’t.
          But in any case you’re saying I’m wrong. You, however, don’t bother to address how I’m wrong, so I’m curious. My comment was that coverage will not be suddenly improved by this because:

          1. MetroPCS runs a cdmaOne/cdma2000 network combined with an LTE network.

          2. The vast majority, 99% of T-Mobile customers, have phones that only work with UMTS or GSM. They do not have phones compatible with LTE. And none have phones compatible with cdmaOne or cdma2000.

          Which of the above statements is wrong? Does MetroPCS run a GSM/UMTS network, or do almost all T-Mobile customers have LTE phones?

          I wouldn’t sound so pissed off but yet again the “You must not suggest that the MetroPCS merger is anything other than the bestest bestest thing in the world” is rallying around your comment and dissing mine, despite the fact that my statements were factual, correct, and answered the question, which your comment implies is not the case, on the basis of things that are not true today.

      • xmiro

        CDMA will be turned off 2014 or 2015. MetroPCS LTE is already on AWS and ready for access to T-Mobile customers

        • squiggleslash

          The “CDMA will be turned off in 2014 or 2015″ is speculative and does not pertain to the situation right now, which was the point I was addressing.

          I also addressed the LTE issue: even assuming T-Mobile’s LTE phones are compatible with the MetroPCS variant, the fact is 99% of T-Mobile customers do not have LTE devices and therefore do not have access.

          Remember too that T-Mobile has nationwide AWS spectrum. All the speculative “Yeah, but in 2-3 years there’ll be spectrum available for non-LTE” doesn’t change the fact that T-Mobile’s major issue right now is a lack of towers, rather than a lack of spectrum, and for the most part, the MetroPCS deal won’t make a substantial difference. Almost all the MetroPCS coverage area is within the T-Mobile coverage area.

        • xmiro

          The timeline for the switchoff is given by T-Mobile. It’s based on the fact that 60% of MetroPCS customers change phones yearly.

          I would venture a guess, that fairly soon MetroPCS will only offer T-Mobile compatible phones and new customers and upgrades will be on the T-Mobile network.

          About coverage. I’m already experiencing better coverage even before the MetroPCS deal went trough, thanks to the tower-top electronic upgrades T-Mobile has done. I had 1-2 bars, now I average 4-5.

          In many markets T-Mobile will also have 20×20 spectrum thanks to MetroPCS merger. T-Mobile also gains a lot of DAS and micro-cells from MetroPCS which improve signal even more. When I look at RootMetrics app, T-Mobile is rated orange in many places around me whereas MetroPCS is green a lot more often.

  • JB

    Right on T-Mobile! That is all :-)

  • ceegii63

    Somewhere Ralph De La Vega is pulling out what remaining hair he has…

  • kev2684

    great! now T-Mobile can go beast mode on their 4G LTE upgrades. Jacksonville, FL please!

    • ceegii63

      Transformers fan are you?

    • Kenan Jackson

      5G is the grand paln. 300Mb down speed.

      • Mirad77

        LTE Advance is theoretically capable of 1Gbps down and in real world ~300Mbps down. 5G is still a dream my friend. This companies push out these words for sales as 25Mbps down is not even LTE but 3.5G or HSPA+

        • Kenan Jackson

          Oh, I know. And I don’t expect much advancement for quite some time. It was more of a comment in jest based on T mobiles announcement. Honestly, I’m fine with HSPA+. It’s plenty fast for 99.9% of users.

        • Mirad77

          I know and am part of that 99.9%. We are all excited for the good news.

  • http://twitter.com/412Central 4-12

    I hope T-Mobile Changes their logo.

    • http://tmonews.com David

      They aren’t.

    • http://profiles.google.com/mrice.hill Mr. Hill

      Why?

      • Dion Mac

        Cause DT said so

      • TBN27

        Because Deutsche Telekom is still the parent company.

  • ceegii63

    Somewhere Dan Hesse is just breaking iPhones on the floor

    • macman37

      He’s scolding Sprint’s board, “See what you dumbasses made us miss out by not letting me acquire MetroPCS! We wouldn’t have to worry about deploying LTE in some areas, because it’s already there.”

    • superg05

      actually there re-farming there 850pcs which has good building penetration so i think they’ll be alright

  • macman37

    Yeah!! More guaranteed AWS HSPA+ & LTE Band 4 {AWS} LTE in more areas. God knows that the dumbasses at AT&T is crying about since they had to give T-Mobile some of their AWS spectrum; and that Dan Hesse is really pissed at Sprint’s board for not letting him close the deal that would allow Sprint to acquire MetroPCS. Thank you Deutsche Telekom for sweetening this deal to help it close! Way to go T-Mobile!

    • M42

      Yeah, AT&T is sure hurting in my area – they have LTE and HSPA 4G everywhere. And T-Mobile is still peddling EDGE to people promising them LTE is coming soon. That’s what they told me last year about HSPA 4G and it isn’t here yet.

      I don’t think AT&T is losing any sleep over the spectrum they gave T-Mobile in markets they already have well covered.

      • mloudt

        Exactly, these people are just trolling on AT&T. They need to be realistic. Since the failed merger AT&T went from number 2 back to number 1. Also, while T-mobile has been trying to get this deal done; AT&T has acquired spectrum licenses from several different companies some wireless some not. Plus, AT&T has an agreement to buy some of that unused Verizon spectrum for 1.9 Billion; in order for Verizon to get approval from DOJ and FCC for their spectrum from Cable Cos. Lastly. AT&T added 1.2 plus million new subscribers this 1st quarter 2013. Yea I think the Nation’s 1 Wireless Carrier AT&T with over 100 million subscribers is doing just fine. People stop trolling for no reason instead just say your happy for the merger.

        • bleeew

          Im think Verizon has more?
          Att had 107 million + the 1.2 million from q1 2013= 108.2 now
          Verizon had 107.7 in 2011. They add ~1.3 million almost every quarter. Its probably over 111 million customers.

      • Jose Hernandez

        So, honesty, why are you still a T-Mobile customer if the service is that bad? You should just switch over to AT&T.

  • Tyler

    Lets hope the new company continues with the un-carrier approach.

  • Wire

    Like I said, Sprint and T-mobile need to merge like yesterday.

    • TechHog

      Please no. And it would never be approved anyway

    • Get_at_Me

      I’m not sure if regulators would allow that to happen as it would reduce the number of national carriers from 4 to 3. However, a Sprint/TMO merger would create 3 national carriers of similar size in terms of subscriber count. I wonder if a TMO/Dish deal is still a possibility even though Dish made a play on Sprint.

    • samsavoy

      And then what? A combined carrier of ~85 million customers? Goodbye low prices.

    • http://profiles.google.com/mrice.hill Mr. Hill

      Merging with Sprint would be bad for competiton and would get shot down anyway.

    • UMA_Fan

      It’s been hinted at that Sprint has tried this many times over the years. I think if this were to ever happen, DT would want to be in control of the combined company. The rumor right before the at&t/tmo merger was announced was that DT would have a 50% stake in a proposed T-Mobile/Sprint.

    • tomarone

      Sprint has already agreed to a takeover by Japan’s SoftBank, but another company is trying to up that deal: Dish Network. You think DT could get between those two in a boxing match? You’re right, there is no predicting what will happen when fish start eating each other. I’ve seen it before (in computer graphics companies, long…long…ago)…

  • sidekicker89

    Any suggestions who T-Mobile can acquire/merge/partner with next? :) T-Mo is not finished looking for spectrum. Also the 600Mhz T.V spectrum auction is next year I think.. any chances of getting spectrum from that?

    • http://profiles.google.com/mrice.hill Mr. Hill

      The FCC is supposedly going to block AT&T and Verizon from bidding on the next round of spectrum auctions to give T-mobile and Sprint a better chance at getting lower frequency spectrum and helping to increase competition. So T-Mobile’s chances of getting some should be pretty good.
      I don’t know who else they could buy right now other than maybe Leap(Cricket). Any type of merger with Sprint would not pass regulations.

      • superg05

        i heard that to i hope they stick to there guns if everyone and there friends writes to them and tell them if at&t and Verizon get to bid smaller carriers like T-mobile leap cricket and and rural carriers cant possibly compete with there buying power they should make them skip this auction so smaller and rural carrier can beef up there competition and make the market healthier
        Chairman Julius Genachowski: Julius.Genachowski@fcc.gov
        Commissioner Robert McDowell: Robert.McDowell@fcc.gov
        Commissioner Mignon Clyburn: Mignon.Clyburn@fcc.gov
        Commissioner Jessica Rosenworcel: Jessica.Rosenworcel@fcc.gov
        Commissioner Ajit Pai: Ajit.Pai@fcc.gov

    • James Shaggy

      There was past rumors that Leap/Cricket was next on the menu. Tmobile needs to secure more PCS and AWS spectrum, and at lease 30 to 50mhz of 600mhz so they can turn their coverage around.

      • Dion Mac

        I heard originally the plan was to merge all the at one time

      • Whitney

        What about U.S. Cellular?

    • TayshaunBoba

      U.S. Cellular would be my guess. They’ve got a decent amount of AWS, PCS, and even 850 and 700MHz. I’ve also noticed TMO has started expanding in odd, rural places in my state that happen to overlap exactly where U.S. Cellular operates. Keep in mind these are places where in some cases not even AT&T offer coverage, so this seems like they could be considering taking over USCell next. Just speculating, though.

      • superg05

        that’s likely because they got a grant from the U.S. government to expand into rural

      • http://www.makeuseof.com Danny Stieben

        This really needs to happen. US Cellular and maybe Leap/Cricket. Then T-Mobile will have a very nice amount of spectrum and coverage.

    • xmiro

      Leap wireless isn’t doing so well. Not sure if/how much spectrum they have

    • UMA_Fan

      WIll 600mhz work with phones that exist already? Or will new hardware be necessary to support 600mhz?

  • TMoFan

    Good news we can finally put this behind us and get to the business of 20×20 LTE.

    • Richard Yarrell

      Definitely a great day for all tmo/metro customers.

  • TMOTECH

    Kick ass. That is all for now. Busy cutting a newly modernized site with LTE.

    • superg05

      let us know when you hit dallas

  • Rick Rudge

    I’m very happy to hear about the merger approval. I just got back from a trip to my old hometown (Yuba City, CA) and was checking out the T-Mobile network speeds. Not one single 3G signal and some areas where there wasn’t even Edge. There were a lot of Metro-PCS shops around town with 4G posters in their windows though.

  • Jay J. Blanco

    Hopefully T-Mobile will be able to borrow some cash to expand their coverage to areas that dont have coverage to offer better deals to people stuck on Verizon and AT&T high rate plans

    • taron19119

      MetroPCS is in ten market that T-Mobile is not so T-Mobile well expand to 10 new markets

    • TBN27

      Yeah. Like New England, and a lot if places in the Midwest.

  • http://twitter.com/Joegar43 Jeremiah

    It’s been three day’s and i still haven’t
    Received my update for my LGs l9.

    • Mirad77

      Nexus?

    • superg05

      did you call tmoble?

  • Genecio

    I now pronounce you married…..you may now exchange spectrum. Ladies and gentleman introducing Mr. & Mrs. T-mobile (Deutsche Telekom Group)

  • TBN27

    The large swaths of EDGE’s days are numbered. HSPA+ will expanded LTE will be stronger and the total 4G coverage issue will be history

  • Austin

    Currently in my town, T-Mobile is EDGE only while MetroPCS has LTE. Here’s to hoping this means T-Mobile will finally notice us!

    • jaxgrim

      Same here.

    • superg05

      whats your towns name in one of my comments i posted a link to and fcc doc that shows combined spectrum by city

  • Mirad77

    Bring the spectrum!

  • taron19119

    So are we going to get metro pcs news here to or just the T-Mobile new we get now

  • superg05

    this is good now its behind us who wants to see the fccs spectrum database for what will be acquired in your area some areas t-mobile will even get some 700mhz spectrum a tiny bit

    fcc doc spectrum holdings Metro pcs and T-mobile find your city and reply with your gains is spectrum http//goo.gl/jlFRE

  • Aurizen

    this is good, will this mean Tmobile service will be all round better? faster speeds better signal?

  • Whitney

    I guess I don’t have to worry about Farmington Hills, Michigan any more

    • Adrayven

      Many places in Michigan will benefit greatly.. Kalamazoo, Lansing, Detroit.. I’m seeing a 311-660 Carrier code (MetroPCS) is showing up on my GSM iPhone as a carrier to select when I turn off auto-selecting for my carrier.

      I’d imagine this is unused spectrum in area that they are getting ready to flip the switch on.. I should not see it as Metro is a CDMA carrier.. but if I see it on my GSM phone, it means it’s broadcasting on GSM even though MetroPCS owns it…

  • http://www.facebook.com/alexis.lanning.94 Alexis Alvarez

    So will we really see more coverage?

  • James Harding, Jr.

    Yes! Let’s go TMO!