Tag Archives: metropcs

Justice Department Asks MetroPCS For More Details On T-Mobile USA Merger

MetroPCS made a brief announcement yesterday on their website that the Department of Justice had requested more information “in connection with MetroPCS’ proposed transaction with T-Mobile USA, Inc.” This second request for information will extend the regulatory review period by an extra 30 days, but MetroPCS, T-Mobile USA and Deutsche Telekom all plan to comply with the order and send the requested information. The proposed transaction is subject to MetroPCS shareholder … [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]

T-Mobile Execs: We See More Industry Consolidation Down The Road

Speaking at the 12th annual Morgan Stanley Technology, Media and Telecommunications conference, T-Mobile CTO Neville Ray and T-Mobile COO Jim Alling both spoke about the company’s future with MetroPCS and the industry beyond. For Alling’s behalf, he discussed the idea that more industry consolidation is coming and that the possibility of going from four national carriers to three remains a distinct possibility. “Is it possible that four major players could go down to … [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]

(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 … [read full article]