T-Mobile and MetroPCS get DOJ blessing for merger

T-Mobile and MetroPCS get DOJ blessing for merger
Last night, we told you that MetroPCS had announced that the Hart-Scot-Rodino waiting period had expired, allowing the deal to proceed without questions from regulators about possible antitrust problems. Now, on Wednesday comes news that the Department of Justice has signed off on the "reverse merger". That leaves just a few tasks that need to be done before the deal is closed. The FCC needs to sign off on the acquisition as does the Committee on Foreign Investment, which got involved because T-Mobile's parent is German carrier Deutsche Telekom.

After those two approvals, all that will remain is for MetroPCS stockholders to vote on the merger. Those stock holders are in line to receive $4.09 a share plus ownership of the remaining 26% of the company, which will remain publicly traded. While there is no official word on what the post-merger company will be called, we would bet that T-Mobile will be the moniker selected. The remaining 76% of the company will be owned by Deutsche Telekom. The voting will take place on April 12th and MetroPCS strongly recommends that its holders vote for the deal. "If stockholders vote against the proposed combination, there is no assurance that MetroPCS will be able to deliver the same or better stockholder value," MetroPCS told shareholders.
 
source: eWeek

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8 Comments

1. richardyarrell2011

Posts: 510; Member since: Mar 16, 2011

Deal done this will be a great thing for the carrier industry. No wonder At@t is putting out full page adds on little tmobile piss on At@t.

4. archangel9

Posts: 233; Member since: Feb 07, 2010

Been there had them don't want them. Neither Verizon nor Sprint. TMobile s#!t$ on all of them in the coming weeks.ATT is shook!!A new aggressive TMobile : GS III ,GNote II,GS III LTE,HTC ONE,BB Z10,and in the coming weeks and months .....

2. gwuhua1984

Posts: 1237; Member since: Mar 06, 2012

Really looking forward to this.

3. archangel9

Posts: 233; Member since: Feb 07, 2010

DMAO!!!! TOLD Y'ALL !!! Now Paulson needs to pull his head out of his a$$ ,although he trying to squeeze more money,and get with it. It'll be good for the industry and customers alike.My friend is leaving AT@T FOR TMobile,but he wants to see what the GSIV is coming with or just get the Note II. Now let's see what the two big dogs have to say as well as Sprint.

5. _PHug_

Posts: 482; Member since: Oct 11, 2011

How is this going to work? Since T-mobile is GSM and Metro is CDMA I'm assuming (hoping) that phone calls, text, 3G and HSDPA will all stay and be handled by the T-mobile side and the Metro side will be gutted basically and just use all those CDMA towers for LTE

7. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Spectrum....spectrum...spectrum....

8. -box-

Posts: 3991; Member since: Jan 04, 2012

Essentially. There are somewhat detailed plans posted with the proposal. CDMA gets shut down and converted to HSPA+ and/or LTE/LTE-Advanced. Won't be immediate, of course, will take years

6. Jeradiah3

Posts: 1149; Member since: Feb 11, 2010

its about time lol. I dont care about the merger, but i hope it works out for both MetroPCS and Tmobile

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