Tag Archives: metropcs

T-Mobile, MetroPCS Combination Receives Final Regulatory Approval


The T-Mobile, MetroPCS merger combination reverse-takeover has cleared its finally regulatory hurdle and now lands in the hands of MetroPCS shareholders. The last piece of regulatory blessing came from the Committee on Foreign Investment in the United States indicating there are no unresolved security concerns. On March 20, 2013, the Committee on Foreign Investment in the United States advised Deutsche Telekom and MetroPCS that it has determined that there are no unresolved … [read full article]

T-Mobile, MetroPCS Announce Future Board Of Directors For Combined Company

With a short press release last night, T-Mobile USA, Deutsche Telekom and MetroPCS announced the future Board of Directors for the combined company. Deutsche Telekom AG (XETRA: DTE; “Deutsche Telekom”), T-Mobile USA, Inc. (“T-Mobile”) and MetroPCS Communications, Inc. (NYSE: PCS; “MetroPCS”) today announced the members of the board of directors of the combined company upon completion of the proposed combination of MetroPCS and T-Mobile. This impressive and diverse group of individuals has … [read full article]

T-Mobile Issues Press Release Regarding FCC Approval Of MetroPCS Combination


With FCC approval now behind them, T-Mobile’s issued a new statement providing a current update on the proposed combination with MetroPCS.  As the statement highlights, all that remains is a special meeting for MetroPCS shareholders to vote on the proposed combination. The upcoming vote on April 12th remains the last obstacle toward creating a “value leader in the United … [read full article]

FCC May Approve T-Mobile/MetroPCS Merger Without Full Vote

According to a Communication Workers of America Union attorney, the Federal Communications Commission will approve the T-Mobile/MetroPCS merger without holding a vote. Monica Desai, attorney for the CWA says the deal will be approved “at the bureau level instead of the commission level.” David Kuat, analyst for Stifel Nicolaus & Co., says this development, if true is a positive signal for the deals prospects. “I assume it’s good” for the deal’s prospects and … [read full article]

MetroPCS Announces Regulatory Period Expires For Government Agencies To Delay Merger


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]

House Democrats Ask FCC To Press T-Mobile/MetroPCS To Keep Jobs As Approval Condition


A number of House Democrats are urging the FCC to make sure that T-Mobile will accept steps designed to protect jobs as a condition of FCC approval. In a letter to FCC Chairman Julius Genachowski, 62 House Democrats urged they would work against “another consolidation of two companies that leads to reduction of American jobs.” The letter further asked the FCC to force T-Mobile to commit to “preserving US jobs” before signing off … [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


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]