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 »
Almost one year ago, in May of 2012, it was revealed that T-Mobile and MetroPCS were in talks to form a merger, shortly after a merger between T-Mobile and AT&T fell through. It took roughly five months for both companies to sign off on the deal, and since October, we’ve been waiting to hear if ... 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 »
While addressing shareholders at the company’s annual meeting in Cologne, Germany, Deutsche Telekom CEO Rene Obermann told investors that a complete takeover of T-Mobile USA was out of the question after AT&T’s very public failed bid last year. Obermann did tell investors that it was considering all other options, including a potential merger ... Read More »
As expected, the European Commission rendered their verdict on the pending merger between Google and Motorola Mobility, and the verdict brings good news for the Mountain View company. The European Commission was likely to be one of the biggest hurdles Googorola would need to overcome to get the deal approved, and Europe today ... Read More »
Google shocked the tech world last year when they announced that they would acquire Motorola Mobility for $12.5 billion. Shareholders already approved the deal and many in the industry assume it will go through, but there are still a few hurdles left to clear before it becomes official. Motorola provided an ... Read More »
Now that the AT&T acquisition of T-Mobile ordeal has ended, many Magenta customers may be wondering what the future holds. We know T-Mobile is not doing too well; that was a major reason their parent company wanted to sell them.
It seems Deutsche Telekom will get pretty much all ... Read More »
AT&T issued a statement this afternoon announcing that AT&T and Deutsche Telekom have agreed to drop the merger bid, which had come under heavy scrutiny from the U.S. Government. AT&T and T-Mobile USA will agree to a roaming deal which will allow their phones to work on each other’s networks. In an official statement, AT&T ... Read More »