Tag Archives: merger

Investor Sees T-Mobile As Takeover Target For Dish Network, Sprint

John Paulson, the billionaire hedge-fund manager and one-time opponent of the T-Mobile/MetroPCS rumor is now calling the new company a “likely takeover target” for Dish Network or Sprint. Paulson, who become a 2.3 percent shareholder in T-Mobile US when the company merged with MetroPCS will hold his stake in the company in anticipation of more consolidation in the industry. Paulson sent a letter to clients today, which was obtained by Bloomberg News … [read full article]

AT&T To Acquire Leap Wireless For $1.19 Billion Dollars

In a slightly shocking move, AT&T announced it has agreed to acquire Leap Wireless for $1.19 billion in cash. The deal, which works out to $15 per share for Leap shareholders is a 88% premium on the Leap closing price this afternoon. AT&T announced the deal includes Leap’s licenses, network assets, retail stores and around five million subscribers. Leap has long been tossed around as a possible acquisition target for T-Mobile[read full article]

Will T-Mobile Consider Making A Run At Leap Wireless?

There hasn’t been a shortage of T-Mobile takeover, merger, acquisition rumors in as long as I can remember, but at least this time around T-Mobile is yet again considered a potential buyer. According to Macquarie Capital analyst Kevin Smithen the timing may be right for a T-Mobile takeover of Leap Wireless. “T-Mobile’s share price has appreciated from around $15-per-share to $24-per-share, making a stock deal for Leap more palatable in our view,” he … [read full article]

With Sprint Off The Table, Will Dish Turn Its Attention To T-Mobile?

With Dish Network abandoning its attempt to scoop up Sprint Nextel out from under SoftBank, the question now becomes where will they look next? Dish has made it perfectly clear that it wants to succeed and work in the wireless space, which begs the question about where they go from here? As it stands today, Dish holds 40MHz of 2GHz spectrum and a small portion of 700MHz spectrum. Analysts of course suggest … [read full article]

MetroPCS Announces Bring-Your-Own-Device Program Opening Up Network To T-Mobile Devices

Looks like those rumors on T-Mobile supported devices heading to MetroPCS shelves on June 12th were spot on as the company launched a bring-your-own-device service this morning. The service, which supports GSM-based Android phones and specific versions of Apple’s iPhone. The news, which had leaked back on June 4th but was already confirmed by both T-Mobile and MetroPCS execs highlights T-Mobile’s plan to offer more than MetroPCS’ current line of … [read full article]

SoftBank Eyeing T-Mobile As Plan B Option If Sprint Buyout Falls Through?

It’s about time another T-Mobile buyout rumor surfaced because we’ve clearly gone way to long without one of those. This time Reuters is reporting that SoftBank, the Japanese carrier is eyeing a possible deal with T-Mobile if their Sprint buyout falls through. SoftBank and Deutsche Telekom had been in talks last year about a potential deal and have had periodic discussions since then according to Reuters sources. The Sprint deal which was … [read full article]

Leaked Screenshots Show Two T-Mobile Based Devices Heading To MetroPCS, Bring Your Own Phone Begins June 12th

We knew this day would come and thanks to a trio of screenshots leaked to the boys at PhoneArena, we know an actual date. Beginning June 12th, MetroPCS customers will have the opportunity to use compatible unlocked GSM phones which include iPhones, Android, Windows Phone and certain feature phones. There’s no telling just how many devices out of the Android lineup Metro customers will be able to choose from, but it’s … [read full article]

T-Mobile and MetroPCS Now Operating Under the Unified Banner of T-Mobile US

Though the T-Mobile and MetroPCS merger has been ‘news’ for a while now, the deal officially begins this morning with all necessary regulatory approvals and shareholder votes in the bag. The new partnership, combining T-Mobile’s 34 million customers with MetroPCS’s 9 million subscribers under the unified banner of T-Mobile US. T-Mobile will still sit at the number four spot here in the US of A. The company is expected to … [read full article]

MetroPCS Releases First Quarter Numbers, Expects T-Mobile Deal To Close April 30th

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As MetroPCS shareholders voted in favor of a merger with T-Mobile yesterday, the company announced its first quarter 2013 financials. The good news is that MetroPCS is making money with a new income of $19.4 million for the first quarter, down from $21 million a year ago. Metro announced that they expect the T-Mobile deal to close on April 30th. Metro … [read full article]

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

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 … [read full article]