As was the case with the AT&T/T-Mobile merger, there’s a pretty good chance the news of a merger with MetroPCS will dominate our headlines for the foreseeable future. Having just listened to an investor call with Deutsche Telekom, MetroPCS and T-Mobile USA, I’m both intrigued, a little concerned and and mostly happy. On the … [read full article]
The T-Mobile/MetroPCS deal is only minutes old and T-Mobile CEO John Legere just had a video posted to T-Mobile’s YouTube page detailing some of the finer points about the merger. I’ve included the full text below which is being passed around to T-Mobile employees internally as we speak. YouTube Catch the video or read the full text below: This message is intended for all T-Mobile USA employees Team – Today is an important … [read full article]
In a move that isn’t going to come as much of a surprise after both companies confirmed the talks, both boards have approved a $1.5 billion dollar deal. The combined company will be called T-Mobile and run by newly installed T-Mobile Chief Executive John Legere. The deal itself will be structured as a “reverse merger,” meaning that MetroPCS will in effect take on its larger rival. Such a move allows T-Mobile to become a publicly traded … [read full article]
The Deutsche Telekom/MetroPCS merger talk is heating up as both companies release separate statements confirming discussions. Deutsche Telekom: “Deutsche Telekom is holding talks with the listed company MetroPCS with the aim of operating its subsidiary T-Mobile USA and MetroPCS within one company in which Deutsche Telekom would hold the majority of shares,” the carrier said on its Web site. “The talks are at a stage where significant … [read full article]
Oh boy, here we go again but this time T-Mobile would on the opposite side of a merger with word coming from Street Insider that T-Mobile USA parent company is close to a deal with MetroPCS. The report came via the papers Twitter account early this morning with the a brief comment saying DT was “said to be near deal with MetroPCS Communications on T-Mobile.” A merger between MetroPCS … [read full article]
Oh here we go again as former telecommunications executive Sol Trujillo is said to be working on finding private-equity firms interesting in financing a buyout of part or all of T-Mobile USA. Trujillo, the former head of phone companies U.S. West Communications, Orange SA and Australia’s Telstra Corp has approached at least two private-equity firms: KKR & Co and Blackstone Group LP about bidding for all or part of the nation’s fourth largest carrier. According to the Bloomberg … [read full article]
Well, it’s more like Deutsche Telekom releases their quarterly numbers and let’s us know how T-Mobile USA is doing and as anticipated, it’s still not all sunshine and rainbows. The good news is that net income is up 3.5 percent over the first quarter, despite a 2.4 percent decrease from the second quarter of 2011. In other words, T-Mobile USA remains profitable, so that’s important. However, the income growth over the first quarter comes amid news that … [read full article]
Deutsche Telekom CEO Rene Obermann spoke this morning during his company’s investors call and said that a T-Mobile merger is still an option, though an outright sale is more than likely off the table. “We do not exclude any option for the T-Mobile unit in the U.S., also not a merger,” Obermann told shareholders today at an annual meeting in Cologne, Germany. “A complete sale is unlikely. You understand that I can’t say more in public on … [read full article]
Deutsche Telekom CFO came right out today speaking at the 40th Annual J.P. Morgan Global Technology, Media and Telecom conference and said that T-Mobile USA is “not a problem” for the international carrier. “There’s always a perception that if these guys are selling an asset it must be a problem child,” Höttges said. “It is not a problem for us. And that is due to the fact that we have a clear path toward LTE. It is … [read full article]
Here’s a new turn of events as a Financial Times report indicates Deutsche Telekom is reportedly talking with bankers hoping to keep their USA branch competitive in the United States. Besides selling T-Mobile USA towers, which could raise between $1 to $2 billion, T-Mobile could also raise additional funds by issuing bonds. Deutsche Telekom is expected to offer more detail on its strategy when it reports its quarterly results in February. According to the Financial Times source, … [read full article]
