T-Mobile merger with MetroPCS should close in the second quarter of 2013
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MetroPCS' shares are now a proxy for the merged company |
Meanwhile, a video of an animated T-Mobile CEO John Legere shows the executive saying that this deal will close the gap with Sprint, and in a clever use of rhyme, he says that the merger is not a deal "to survive" but is a deal "to thrive". The executive adds that the combined company will have 42 million customers with $24.8 billion in revenue and $6.3 billion in EBITDA (earnings before taxes, depreciation and amortization). More importantly for customers of the merged company, $4.2 billion in capital expenditures will be made annually. That buys a lot of credibility. The deal also makes T-Mobile more self-reliant and turns Deutsche Telekom's investment in T-Mobile USA into easy to sell shares of stock that can quickly be sold off if needed.
source: Reuters via Phandroid
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6 Comments
1. Izzy_V posted on 13 Oct 2012, 18:09 2 2
"Because MetroPCS is the lone U.S. public company between the (Deutsche Telekom is a German company)," Just an FYI if you want to fix that.
It's clear that the "not to survive but to thrive" comment he made was BS. T-Mobile might not be a bad service but everyone knows that MetroPCS is thriving a hell of a lot more than T-Mo. is. That and if the merge does let it catch up to or pass Sprint then I don't know why they would be trying to smokescreen the real intention.
3. lubba posted on 14 Oct 2012, 02:00 1 2
Won't make no difference. Be one same company sucking Android's balls. No variety, no flavor. Just a second hand follower company as usual, waiting for another carrier to make it big then follower their footsteps yet always falling behind.
4. meowcenary posted on 14 Oct 2012, 17:38 0 0
Besides RIM, WP, and android what is missing in their resume of phones is the elussive iphone. So how is it sucking your proverbial shriveled up balls?
We are the telecommunication comapnys bitchs, we take it in the ass monthly. Variety, flavor, and vying for the dominant position means nothing. The only thing the top four has going is their networks works due to the spectrum they have versus prepaid. If you want your iphone you can secure a unlocked one for T-mobile. Telecomms are a love hate relationship. One day we swear by them and the next we hate them for idiotic reasons and jump ship
5. lsutigers posted on 14 Oct 2012, 22:25 0 0
So Metro is buying T-Mobile? Interesting...I wonder which branding they will ultimately use when the company is integrated. T-Mobile and Metro customers are a different clientele...
