T-Mobile says first day Apple iPhone 5 sales were huge; device sold like "Gangbusters"
With new data plans and no more contracts or subsidized pricing at its corporate stores, T-Mobile is using the availability of the iPhone to mark a major change in the mobile operator's life. In addition, the company has started rolling out its 4G LTE service. It has been quite an eventful few weeks and now MetroPCs shareholders will vote April 24th on the deal that will combine the number 4 and 5 carriers in the U.S. If the deal goes through, as it now is expected to, T-Mobile becomes part of a public company. Do not think that for one moment that this deal with MetroPCS closes the door on another major transaction involving the company. Deutsche Telekom promised not to sell any stock for 18 months, up from the original 6 months, in order to better sell the deal to big stockholders. A lock-up usually becomes invalid in the case of an offer to buy the company whose shares are involved.
Not only will Deutsche Telekom seek a deal, they have a willing partner in Charles Ergen. On Friday, we just found out that the Dish Network Chairman and CEO approached Deutsche Telekom about a deal for T-Mobile. One door shuts, but another one opens.