MetroPCS shareholders approve T-Mobile deal
All 12 suggested measures were approved in a meeting today, and Paulson, the largest MetroPCS stakeholder, owned by billionaire John Paulson, has also agreed. The T-Mobile/MetroPCS merger has already gone through the regulatory approval process, so there are no other legal hurdles.
When the deal closes, Deutsche Telekom will have a 74% stake in the new company and MetroPCS shareholders will get a $1.5 billion cash payment.
1. Note2waitingonNote3 (banned) (Posts: 87; Member since: 19 Mar 2013)
This is definitely great for Tmobile and Metropcsccustomers. Tmobile is definitely doing great things in 2013 and for it's future.
6. gmracer1 (Posts: 646; Member since: 28 Dec 2012)
Two turds merging together to make a single, bigger turd is not "doing great."
2. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)
Sweet, when will the actual take over take place?
3. mclifford81 (Posts: 69; Member since: 26 Jan 2010)
Will this affect the carriers placement as the fourth largest carrier or will it remain the fourth largest carrier still?
18. g2a5b0e (Posts: 2554; Member since: 08 Jun 2012)
T-Mobile will still be the 4th largest, but their total customer base will be around 42 million now. Sprint's is around 50.
4. WakaFlakaD (Posts: 370; Member since: 30 Apr 2011)
Still remind the 4th, but great things are happening with T-Mobile lately. LTE, iPhone, un-carrier plan with very competitive rate and the spectrums from metro. Wait, T-mobile might also be the first carrier to move on to LTE advanced since all equipments are new and ready to move on to the next level. Good job for the company and great for consumers because we will all be beneficial in the future(competitions)
12. androiddownsouth (Posts: 598; Member since: 02 May 2012)
With Verizon poised to finish it's LTE network this year and likely start on LTE Advanced next year, it will be hard to do especially given Big Red's current rate of network buildout. Also, no OEMs are producing any LTE Advanced phones currently, making utilization of said network not likely until around the time Big Red will be building theirs out.
That said, nothing is impossible. Maybe they can do it, and if so, it just might be the kick in the arse the mobile industry in the US needs. Only time will tell.
5. Lboogey6 (Posts: 269; Member since: 31 Jan 2012)
it's a temporary placement soon to pass Sprint
9. g2a5b0e (Posts: 2554; Member since: 08 Jun 2012)
I think this is great. Hopefully by year end, I'll be enjoying a 20x20MHz block of LTE with a dual-band HSPA+42 backhaul. Who else will be able to say that they have 4G backing up their 4G? I can't wait.
10. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)
After that... voice over LTE will be nice.
17. disneydad (Posts: 114; Member since: 26 Mar 2012)
In certain markets Metro has already been testing VOLTE. Not sure though about the rollout schedule with the merger taking place.
11. Berzerk000 (Posts: 4104; Member since: 26 Jun 2011)
Doesn't AT&T offer the same feature in HSPA+ and LTE areas? Or am I mistaken? Either way, this is great news.
13. Zero0 (Posts: 583; Member since: 05 Jul 2012)
Not 20x20MHz LTE Advanced, and not HSPA+42.
They have regular LTE (not sure how much spectrum) and HSPA+21.
14. Berzerk000 (Posts: 4104; Member since: 26 Jun 2011)
I was talking about the 4G back up, not the specific kinds of 4G it was using.
15. GreysonRX (Posts: 4; Member since: 13 Nov 2012)
To top it off, T-Mobile has more backhaul than AT&T, hence the reason they have been able to launch HSPA+42 in more markets.