FCC approves MetroPCS' purchase of T-Mobile

FCC approves MetroPCS' purchase of T-Mobile
Last week, the Department of Justice approved MetroPCS' purchase of T-Mobile in a reverse merger that has the fifth largest carrier in the nation acquiring the fourth largest carrier. Now, the FCC has joined along by putting its John Hancock on the dotted line which leaves just two more tasks to be done before the deal closes. First, because Deutsche Telekom will be owning the vast majority of the company after the deal is completed, the Committee on Foreign Investment must sign off on the acquisition, as must MetroPCS' shareholders. As the corporate parent of T-Mobile, Germany's Deutsche Telekom will own 74% of the combined company


MetroPCS stockholders will each receive $4.06 for each share, and will own 26% of the remaining company, which will trade publicly. While we expect that the surviving company will be called T-Mobile, there has been no official word on what the name will be. In addition to the Committee on Foreign Investment saying "yay" or "nay," MetroPCS shareholders will vote on the merger April 12th. To that end, the pre-paid carrier sent a letter to its stockholders this week, requesting that they vote in favor of the deal.

source: FCC via AndroidCentral

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16 Comments

1. androidornothing

Posts: 143; Member since: Apr 26, 2012

Wow I didn't know metro PCS has that much money to buy out T-Mobile??? Kudos to them. Anyways Verizon FTW!!!

16. Cannabis

Posts: 22; Member since: Jan 20, 2013

Other way around buddy, DT, T-MOUSA's mother company, basically got Metro to sell themselves out. DT (T-Mobile) will know own Metro until they are done converting Metro's CDMA into LTE Advanced and 20X20 LTE. Then the MetroPCS name disappears.

2. jroc74

Posts: 6023; Member since: Dec 30, 2010

Whoa....I didnt know Metro PC was like that. But...I do remember the first actual LTE service in the US was on Metro PC. Many think it was Verizon, it wasnt. http://multivu.prnewswire.com/mnr/metropcs/46037/ I should've known then that Metro PCS was bigger than I thought.

3. 3SM.. unregistered

I'm like so confused on this.

4. denn90

Posts: 14; Member since: May 03, 2011

I thought it was T-Mobile USA Buying off Metro PCS not the other way around

5. InspectorGadget80 unregistered

How does MetroPCS have more money than T-MOBILE and their not available nation wide

6. Alan01

Posts: 617; Member since: Mar 21, 2012

Because MetroPCS is the public company and T-Mobile is the private company, the deal is structured as a "reverse merger" in which the surviving company will be MetroPCS and Deutsche Telekom will own 74% of the stock. Alan F.

7. archangel9

Posts: 233; Member since: Feb 07, 2010

Excellent! Nothing like decent competition. Take notice Verizon & At t. Now people will get great service at a affordable price.

8. XPERIA-KNIGHT unregistered

Id honestly rather t mobile buy metro pcs what the hell is this??

9. DarkShadow

Posts: 51; Member since: Feb 01, 2013

What happin here metro pcs buy out Tmobile ???? han

10. richardyarrell2011

Posts: 510; Member since: Mar 16, 2011

This means nothing as to who owns who. It will be called Tmobile you will be able to walk into the tmobile store period.

12. Berzerk000

Posts: 4275; Member since: Jun 26, 2011

Hopefully Metro switches their name to T-Mobile after the merger. I thought it would be T-Mobile taking in Metro?

13. -box-

Posts: 3991; Member since: Jan 04, 2012

Holy cow, people. R.T.F.A. And the ones that relate to it.

14. MartianMe unregistered

Now google needs to merge with t-mobile and give us google fiber pls.

15. archangel9

Posts: 233; Member since: Feb 07, 2010

It'll mean overall better coverage,LTE Advanced,bigger portfolio of handsets and reasonable plans off contract as of 3/24/13. It'll still be TMobile.

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