Today MetroPCS shareholders approved the merger with T-Mobile USA, after Deutsche Telekom had sweetened their offer last week. The proposed deal gives Deutsche Telekom a 74 percent stake in the merged entity and MetroPCS shareholders a $1.5 billion cash payment. Once the transaction is complete, T-Mobile will gain 9 million subscribers, boosting their total customer base ... Read More »
“This is the biggest crock of shit I’ve ever heard in my entire life,” said T-Mobile’s new CEO John Legere when talking about traditional wireless contracts and subsidized smartphones. “Do you have any idea how much you are paying? Everybody hates the high cost and crazy complexity of rate plans, and I hope I’ve been clear ... Read More »
T-Mobile’s new CEO John Legere has only been on the job a month, so we haven’t seen him do too many interviews yet. This week he appeared on CNBC to address the skeptics that have called the merger with MetroPCS a shotgun wedding. Mr. Legere explained that the new spectrum from MetroPCS will make ... Read More »
Today the boards of Deutsche Telekom and MetroPCS approved a merger with T-Mobile, but there was an interesting twist to the deal. The deal will be structured as a reverse merger, meaning the smaller MetroPCS “will swallow its larger rival” T-Mobile, but the combined company will keep the T-Mobile brand.
T-Mobile’s parent company Deutsche Telekom will ... Read More »
T-Mobile is gearing up to become a real challenger to the larger wireless carriers in the US. They just announced a new CEO, sold some tower rights to raise $2.4 billion, and now Bloomberg is reporting their parent company Deutsche Telekom is making a move to acquire MetroPCS. The ... Read More »
