Tag Archives: metropcs

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

metropcs

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]

As T-Mobile Deal Looms, Steep Competition Leads To Subscriber Loss For MetroPCS

In the prepaid race, MetroPCS has always been at the forefront of competitive offerings, which makes its unfortunate that the company reported a net loss of 93,000 subscribers in the fourth quarter. As Metro faces increased competition, the company dropped to 8.9 million subscribers overall. The dip in subscribers this morning comes as the company prepares for its merger with T-Mobile … [read full article]

T-Mobile CES 2013 Preview, What Will We See?

The 2013 Consumer Electronics Show (CES) is about to get underway and T-Mobile may be one of the few carriers to have some major announcements. As companies cut their dependency on CES launches and plan their own events throughout the year, we still expect T-Mobile to take advantage of having the worlds greatest tech audience all in one place. I’m saddened that for the first time in five years I’m not on … [read full article]

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]

Blockbuster Video Stores To Begin Selling T-Mobile, Sprint And Verizon Phones?

While Dish Network continues to fight the FCC over the use of their spectrum, they are set to begin selling mobile phones in their rental locations as a test for Dish’s entry into the wireless market. Blockbuster had already begun selling phones on their website under the name “Blockbuster Mobile,” with devices from Verizon Wireless, Sprint and T-Mobile. Now, Dish is said to be expanding the effort to their remaining 850 Blockbuster … [read full article]

MetroPCS Will Launch Three New Markets If T-Mobile Deal Is Approved

Taking the stage at the UBS Global Media and Communications Conference earlier today, MetroPCS Chairman and CEO Roger Linquist and CFO Braxton Carter discussed the pending deal with T-Mobile. Specifically, Linquist discussed that 2013 will be a year of stabilization for T-Mobile’s postpaid customer base and a year of growth for MetroPCS. In fact, Carter says that MetroPCS will expand its service to 3 additional markets if the T-Mobile deal is approved. … [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]