Tag Archives: metropcs

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]

Ask TmoNews: What Does The MetroPCS Merger Mean For Me?

With the shareholder vote behind us, the T-Mobile/MetroPCS merger is free to close and is expected to do next Tuesday.  With that closing date just 96 hours away, it’s time to take a step back and understand how this deal will affect you, the T-Mobile customer. The truth is that for now, you won’t see any changes other than the continuation of T-Mobile’s new UNCarrier/Simple Choice strategies as they refarm their network … [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]

Public Service Announcement: MetroPCS Shareholders Vote On Proposed T-Mobile Merger Tomorrow

Just a quick reminder for everyone out there that tomorrow marks D-Day for the T-Mobile USA/MetroPCS merger. Widely expected to go through after Deutsche Telekom upped the offer, MetroPCS shareholders will begin voting at 8am Central Time tomorrow. Results are expected later in the day and I expect we’ll hear from both companies sometime tomorrow evening. Stay tuned for the final vote tomorrow! @dt_ir  

MetroPCS Announces Two Advisory Firms Now Support Merger With T-Mobile

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The revamped MetroPCS deal with T-Mobile has gained another round of support as the two proxy advisory firms originally opposed to the transaction, now endorse the deal. Institutional Shareholder Services Inc. and Glass, Lewis & Co have reversed their earlier positions recommending against the merger according to a statement provided by MetroPCS yesterday. “We are pleased that both ISS and Glass Lewis recognize the enhanced stockholder value and compelling benefits created by the … [read full article]

MetroPCS Board Announces Unanimous Support For New Deutsche Telekom Deal Terms

In a completely unsurprising move, the MetroPCS board of directors has announced that they unanimously support Deutsche Telekom’s new merger offer. Deutsche Telekom improved their offer just two days before MetroPCS shareholders were set to vote on the original terms this past Friday. DT amended their offer in fear that two of Metro’s largest shareholders had convinced a large enough block of voters to strike down the deal. The two loudest … [read full article]

Dish Network Approached Deutsche Telekom About Possible Merger With T-Mobile USA

Round and round the merger talk goes, where she’ll stop nobody knows as a new report out of Bloomberg said Dish Networks approached Deutsche Telekom about possible T-Mobile USA merger. According to the report, Dish made their proposal sometime before April 10th and before Deutsche Telekom sweetened its offer for MetroPCS. According to “people familiar with … [read full article]

Largest MetroPCS Investor Reverses Tune, Comes Out In Support Of T-Mobile Merger

Paulson & Co., MetroPCS’ largest shareholder and the loudest voice of opposition against the T-Mobile deal has changed their tune after the revised terms issued by Deutsche Telekom late yesterday afternoon. “While Paulson needs to review the revised proxy statement before making a final decision, Paulson intends to vote for the merger as restructured,” … [read full article]

(Updated: MetroPCS Reschedules Vote To April 24th) Deutsche Telekom Submits “Best And Final” Offer To MetroPCS Shareholders

Update: A new MetroPCS press release just hit the wires announcing the company has decided to push back the date of the shareholder vote to April 24th.  The decision to postpone the Special Meeting was mutually agreed upon by Deutsche Telekom and MetroPCS to allow MetroPCS stockholders additional time to, subject to approval by the MetroPCS board of directors, consider a proposal from Deutsche Telekom to revise the business combination … [read full article]