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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 the remaining common stock … [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 report says that a … [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 can be great,” Ray … [read full article]

(Updated) Japanese Carrier Softbank Rumored To Be Looking At Sprint Purchase For $19 Billion

Update: According to Bloomberg, Sprint is confirming talks with SoftBank over a “substantial investment.”  Any concerns Deutsche Telekom might have over a possible MetroPCS bidding war with Sprint may be unnecessary if a new round of rumors about Sprint Nextel Corp are correct. According to Japan’s Nikkei Newspaper, Softbank Corp, Japan’s third largest mobile phone company is in “advanced” talks to buy a controlling share of Sprint … [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 deal is that T-Mobile … [read full article]

Taking A Look At The Likely Consumer Advocate, Regulatory Impact Of T-Mobile, MetroPCS

The opposition to AT&T’s proposed takeover was fiercely led by a number of consumer advocate groups including Public Knowledge, which has a decidedly different, if not indifferent tone for T-Mobile, MetroPCS. “We hate to see companies like MetroPCS shut down, but in this situation, we can see how this merger can add to the overall competitiveness of … [read full article]

Sprint Considering Deutsche Telekom Counter-Offer For MetroPCS?

I think we could have predicted a bit of opposition from Sprint on T-Mobile’s proposed merger with MetroPCS, but a counter-offer isn’t what I had in mind. According to the old “people familiar with the matter,” Sprint is looking at the numbers and holding talks with financial advisors to evaluate the possibility of a counter-offer for MetroPCS. The report states that Sprint could decide as early … [read full article]

What Does The T-Mobile, MetroPCS Merger Mean For You?

With 24 hours underneath our belts since the announcement of the T-Mobile, MetroPCS merger it’s time to take a step back and understand how this deal will affect you, the T-Mobile customer. The truth is that for now, you won’t see any changes other than the continuation of T-Mobile’s challenger strategy as they refarm their network and begin to rollout LTE. The deal with MetroPCS … [read full article]