MetroPCS shareholders approve T-Mobile deal

MetroPCS shareholders approve T-Mobile deal
MetroPCS shareholders have finally approved the T-Mobile takeover bid and this was the last of the steps needed before the deal gets finalized. The decision comes after T-Mobile owner sweetened the deal by reducing loan and cutting interest rate. 

By acquiring MetroPCS, T-Mobile will be able to add the 9 million MetroPCS customers to its base as well as get a very important spectrum chunk.

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.

source: Bloomberg

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18 Comments

1. Note2waitingonNote3

Posts: 87; Member since: Mar 19, 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: Dec 28, 2012

Two turds merging together to make a single, bigger turd is not "doing great."

2. gwuhua1984

Posts: 1237; Member since: Mar 06, 2012

Sweet, when will the actual take over take place?

3. mclifford81

Posts: 89; Member since: Jan 26, 2010

Will this affect the carriers placement as the fourth largest carrier or will it remain the fourth largest carrier still?

7. sp_5015

Posts: 6; Member since: Apr 16, 2013

Winning!

18. g2a5b0e unregistered

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: 576; Member since: Apr 30, 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: May 02, 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: 281; Member since: Jan 31, 2012

it's a temporary placement soon to pass Sprint

8. cncrim

Posts: 1588; Member since: Aug 15, 2011

Only if sprint stay still.

9. g2a5b0e unregistered

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: Mar 06, 2012

After that... voice over LTE will be nice.

17. disneydad

Posts: 114; Member since: Mar 26, 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: 4275; Member since: Jun 26, 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: 592; Member since: Jul 05, 2012

Not 20x20MHz LTE Advanced, and not HSPA+42. They have regular LTE (not sure how much spectrum) and HSPA+21.

14. Berzerk000

Posts: 4275; Member since: Jun 26, 2011

I was talking about the 4G back up, not the specific kinds of 4G it was using.

15. GreysonRX

Posts: 5; Member since: Nov 13, 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.

16. deadstroke

Posts: 113; Member since: Jan 22, 2013

it about time ,great for T-Mobile

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