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The DOJ wants more information from MetroPCS regarding T-Mobile merger

Posted: , by Alan F.


The DOJ wants more information from MetroPCS regarding T-Mobile merger
The Department of Justice has issued a "Second Request" for more information from pre-paid carrier MetroPCS pertaining to its proposed acquisition by T-Mobile. Both firms signed a merger agreement on October 3rd, and after MetroPCS shareholders vote on the deal, it is expected to close in the middle of next year.  Under federal law, during the "waiting period" both sides to a merger cannot close the deal and the request by the DOJ automatically extends that "waiting period" by 30 days.

The DOJ seeks more info from MetroPCS

The DOJ seeks more info from MetroPCS

MetroPCS says that it will fully cooperate with the DOJ, most likely dotting every "i" and crossing every "t" as well as not forgetting to say "please" and "thank you" when appropriate. The carrier did say that it is confident that the deal will pass muster with the DOJ and that the government agency will find it to be pro-consumer and pro-competitive. Last year, the DOJ blocked AT&T's proposed $39 billion purchase of T-Mobile, forcing AT&T to back away from the transaction. A T-Mobile acquisition of MetroPCS is not considered to be as potentially uncompetitive as an AT&T purchase of T-Mobile might have been.

The MetroPCS stockholder vote and regulatory approval are the only major things remaining before the acquisition closes. T-Mobile, the nation's fourth largest carrier, will be acquiring the nation's fifth largest carrier in MetroPCS, which currently has 9 million subscribers, about 1 million of them using the operator's 4G LTE pipeline.

source: MetroPCS Press Release

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posted on 20 Nov 2012, 19:12 1

1. cncrim (Posts: 574; Member since: 15 Aug 2011)

The merger going through, pretty much everyone else happy except MetroPC's employee bc their payroll and service department will be on unemployment. Those same people will make the loudest noise and screamming that merger is suiacide.

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