Tag Archives: metropcs

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]

(Update: Confirmed) Report: SoftBank To Buy 70 Percent Stake In Sprint Nextel Corp

Update: SoftBank, Sprint held a press conference early this morning to officially announce the acquisition.  With reports surfacing right before the end of the week that Japan’s third largest wireless provider was interested in purchasing a controlling share in Sprint Nextel Corp, comes reports that a deal has been reached between the two companies. A CNBC[read full article]

T-Mobile’s Neville Ray Says T-Mobile’s LTE Will Be Better Than Competition

Speaking in two separate interviews, T-Mobile Chief Technology Officer dropped some more hints about T-Mobile’s future LTE rollouts and future integration plans with MetroPCS. One worthy takeaway from the CNET interview is Ray’s claim that T-Mobile’s network will “one-up” both AT&T and Verizon Wireless when it rolls out its own LTE network next year. “LTE today is good, but LTE tomorrow … [read full article]

T-Mobile Says MetroPCS LTE Smartphones Will Work On T-Mobile’s LTE Network

While many are focused on the possible technological differences between T-Mobile and MetroPCS, one man who isn’t concerned is T-Mobile’s Chief Technology Officer, Neville Ray. According to Ray, the key in this deal is that both companies have moved toward a similar next-generation LTE network on the AWS 1700 band. In fact, Ray says the a key part of this … [read full article]