Tag Archives: merger

As MetroPCS Share Price Drops, Will Other Suitors Reconsider Making Competing Bids?

Since the announcement of the MetroPCS merger with T-Mobile USA, the company’s shares have dropped 27 percent. The decline in share price could potentially leave the door open for other suitors, including Sprint and Dish Network, though both companies seem unlikely to make bids. Given that Sprint has just announced their intent to buy 100% of Clearwire and Dish continues its search for a national carrier to partner with, MetroPCS shareholders … [read full article]

MetroPCS, T-Mobile Merger To Be Reviewed By Justice Department, FBI

In a fairly standard move, the US Department of Justice along with the Federal Bureau of Investigation have filed a request with the FCC pertaining to the T-Mobile, MetroPCS merger. Both government entities have asked the FCC to “defer action,” or have asked them to delay their decision in order for both parties to decide if the deal has any “national security, law enforcement, and public safety issues.” They’ve asked the FCC … [read full article]

T-Mobile, MetroPCS Merger Talks Began Two Days After AT&T Talks Ended

A preliminary proxy statement filed with the FCC last week by MetroPCS is yielding all sorts of interesting info on their proposed deal with T-Mobile. In fact, the most notable piece of information might be the date talks began, just two days after the deal with AT&T fell apart. That means that Deutsche Telekom and MetroPCS began discussions on December 21st of 2011. Also contained in the filing is a list … [read full article]

So, When AT&T Said It Needed T-Mobile For LTE, It Wasn’t Being Completely Honest

If I can take you back to last year, and the AT&T, T-Mobile acquisition mind frame you might recall that a large part of AT&T’s desire to grab T-Mobile was for spectrum. Spectrum, as you’ll recall was what AT&T said was necessary for them to be able to rival other carriers (see: Verizon) with nationwide LTE. Well, as of this Wednesday AT&T has been singing a different tune, stating that their … [read full article]

T-Mobile CTO Neville Ray Says Hurricane Sandy Will Delay Some 1900MHz HSPA+ Deployments

During a keynote speech at the 4G World Trade Show in Chicago, T-Mobile’s CTO told attendees that Hurricane Sandy will force the company to delay some deployments of its HSPA+ technology in the 1900MHz spectrum. Ray did tell those in attendance that the company has completed “95 percent of the refarming of its 1900MHz spectrum for HSPA+, will launch … [read full article]

T-Mobile Sends Letter To Customers Explaining MetroPCS Merger, Impact

In an unsurprising move, T-Mobile is getting the word out to their customers with a new letter describing the proposed merger with MetroPCS. The letter comes from T-Mobile’s new CEO, John Legere and includes an FAQ section hoping to address any general concerns customers might have. As a general letter, it’s more informational than anything else and doesn’t really go into too … [read full article]

T-Mobile USA, MetroPCS File Formal Documents With FCC Seeking Merger Approval

In a formal move with the FCC, T-Mobile USA and MetroPCS submitted official papers on October 18th seeking approval for their anticipated merger. According to the FCC filing, the companies will send similar documents to US antitrust authorities, specifically the Department of Justice at a later date. The new company will have 42.5 million customers according to the most recent data, or about 11.7% … [read full article]

Report: SoftBank CEO Isn’t Ruling Out MetroPCS Bid

SoftBank, the Japanese carrier set to buy a 70 percent stake in Sprint Nextel Corp would not rule out making a competing bid for MetroPCS Communications. In an interview with the Wall Street Journal, SoftBank CEO Masayoshi Son told the paper that his company wouldn’t rule out any other deals even as it works to close the transaction with Sprint. “We shouldn’t rule out any opportunity or alternative,” Mr. Son said. In a … [read full article]

MetroPCS Shareholders File Suit To Block Deutsche Telekom Merger

According to a brand new lawsuit filed in Dallas, Texas, the merger between T-Mobile USA and MetroPCS is “cheating shareholders” through a “drastically undervalued” merger. Under the agreed upon terms of the deal, MetroPCS declares a 1-for-2 reverse stock split and makes a $1.5 billion cash payment to its shareholders, or $4.09 a share. The company will then issue 74 percent of … [read full article]

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