There’s been plenty of talk since the T-Mobile/MetroPCS announcement that Sprint would swoop in with an offer and try to wrestle Deutsche Telekom away from the deal. Now, according to a new Reuters report, it appears unlikely that Sprint will make a counteroffer for MetroPCS — instead focusing on its future relationship with Softbank. According to people … [read full article]
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 to refrain from taking … [read full article]
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 approval, regulatory approvals and other … [read full article]
Speaking at the Morgan Stanley 12th Annual Technology, Media & Telecoms Conference in Barcelona, T-Mobile COO Jim Alling admitted the carrier is at a disadvantage without the iPhone. However, Alling adds that T-Mobile USA won’t make sacrifices to bring the iPhone to its portfolio. “Make no mistake about it: We would love to carry the iPhone. However, we want the economies to be right for us.” Alling added that his company would not sign a … [read full article]
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 of companies that pursued … [read full article]
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 three?” Alling said, according … [read full article]
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 a series of additional … [read full article]
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 much detail on the … [read full article]
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% of the US wireless … [read full article]
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 separate statement, Sprint CEO … [read full article]
