Tag Archives: Deutsche Telekom

MetroPCS Announces Regulatory Period Expires For Government Agencies To Delay Merger

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A late Tuesday evening press release from MetroPCS announced the waiting period for the Hart-Scott-Rodino act had expired. The waiting period offers regulatory agencies the opportunity to delay the merger between MetroPCS and T-Mobile by having the companies continue to answer questions surrounding the proposed combination. The HSR Antitrust Improvement Act of 1976 provides that parties will not complete mergers until after they have submitted detailed filings with the Federal Trade Commission and … [read full article]

MetroPCS Board Pushes Back Vote On T-Mobile USA Merger

With a special announcement on their investor website, MetroPCS announced that it would move the special meeting of their stockholders to vote on the “proposed combination of MetroPCS with T-Mobile USA, Inc.” According to the statement, the date of the special meeting was changed to “correct an administrative error.” In the same statement, MetroPCS states they now expect the deal with T-Mobile to be completed shortly after the meeting. MetroPCS hopes the … [read full article]

Largest MetroPCS Shareholder Confirms Vote Against T-Mobile Deal

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After a bit of wavering back and forth, MetroPCS’ largest shareholder, John Paulson officially voiced his opposition to the T-Mobile/MetroPCS merger. Paulson argues that any deal in its current form would saddle the new company with too much debt. Paulson’s firm holds a 9.9% stake in MetroPCS, making it the largest shareholder. “We believe MetroPCS is worth more as a stand-alone company,” the firm, founded by the billionaire hedge fund manager John … [read full article]

Another Major MetroPCS Investor Voices Concern Over T-Mobile Merger

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For the second time this week, another major MetroPCS investor has voiced concern over the terms of the T-Mobile merger. Paulson & Co., the biggest MetroPCS shareholder with an 8.7% stake in the company is said to be withholding its decision on whether to vote for the transaction until it sees the final proxy statement. Paulson says the combined company ““has too much debt, the interest rate on Deutsche Telekom’s debt financing is too … [read full article]

Deutsche Telekom Defends MetroPCS Deal Against Shareholder Complaints

As small but influential groups of shareholders openly discuss their discontent with the MetroPCS board and the decision to merge with T-Mobile USA, their parent company defends the deal. Deutsche Telekom’s defense comes as P. Schoenfeld Asset Management disclosed a letter sent to the MetroPCS board at the end of January calling the deal with T-Mobile “unsustainable” and recommending the company remain a stand-alone entity for the time being. For … [read full article]

MetroPCS Investor Signals Intent To Vote Against T-Mobile USA Merger

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An investment advisor holding 7.5 million shares of MetroPCS stock has signaled their intent to vote against the company’s proposer merger with T-Mobile USA. P. Schoenfeld Asset Management which now holds around 2% of MetroPCS shares has sent a letter to the boards of both T-Mobile USA parent Deutsche Telekom and MetroPCS on January 30th detailing their complaints. For its part, MetroPCS responded by saying it still recommends the T-Mobile deal but will … [read full article]

Deutsche Telekom CEO Rene Obermann Announces He Will Step Down Next Year

In a move that might make most of you yawn and move on, Deutsche Telekom CEO Rene Obermann has announced he will step down from the T-Mobile USA parent company next year. Obermann requested that the termination date for his contract be December 31st of 2013, allowing plenty of time for his successor, current Deutsche Telekom CFO Timotheus Hottges to step into the role. There’s no sign how or if this move … [read full article]

T-Mobile CEO Hopes iPhone Will Stop Customer Losses In 2013

Speaking to reporters following T-Mobile’s Apple agreement announcement, CEO John Legere offered an incredibly lofty goal for 2013. Legere’s hope with the addition of the iPhone to T-Mobile’s lineup is that the company can stop the leaking customer faucet and help return the company to subscriber growth as early as 2013. “It is an aggressive target but we think it is possible,” said Legere. It’s an aggressive goal to be sure and a comment … [read full article]