A late Tuesday evening press release from MetroPCS announced the waiting period for the Hart-Scott-Rodino act had expired. The waiting period offers regulatory agencies the opportunity to delay the merger between MetroPCS and T-Mobile by having the companies continue to answer questions surrounding the proposed combination. The HSR Antitrust Improvement Act … [read full article]
A number of House Democrats are urging the FCC to make sure that T-Mobile will accept steps designed to protect jobs as a condition of FCC approval. In a letter to FCC Chairman Julius Genachowski, 62 House Democrats urged they would work against “another consolidation of two companies that leads to reduction of American jobs.” The letter further asked the … [read full article]
With a special announcement on their investor website, MetroPCS announced that it would move the special meeting of their stockholders to vote on the “proposed combination of MetroPCS with T-Mobile USA, Inc.” According to the statement, the date of the special meeting was changed to … [read full article]
After a bit of wavering back and forth, MetroPCS’ largest shareholder, John Paulson officially voiced his opposition to the T-Mobile/MetroPCS merger. Paulson argues that any deal in its current form would saddle the new company with too much debt. Paulson’s firm holds a 9.9% stake in MetroPCS, making it the largest shareholder. “We believe MetroPCS is … [read full article]
While March 14th may be a big day for Android and Samsung owners the world over, it’s March 28th that will have the attention of proponents and detractors of the [read full article]
As small but influential groups of shareholders openly discuss their discontent with the MetroPCS board and the decision to merge with T-Mobile USA, their parent company defends the deal. Deutsche Telekom’s defense comes as P. Schoenfeld Asset Management [read full article]
An investment advisor holding 7.5 million shares of MetroPCS stock has signaled their intent to vote against the company’s proposer merger with T-Mobile USA. P. Schoenfeld Asset Management which now holds around 2% of MetroPCS shares has sent a letter to the boards of both T-Mobile USA parent Deutsche Telekom and MetroPCS on … [read full article]
In the prepaid race, MetroPCS has always been at the forefront of competitive offerings, which makes its unfortunate that the company reported a net loss of 93,000 subscribers in the fourth quarter. As Metro faces increased competition, the company dropped to 8.9 million subscribers overall. The dip in subscribers this morning comes as the [read full article]
Since the announcement of the MetroPCS merger with T-Mobile USA, the company’s shares have dropped 27 percent. The decline in share price could potentially leave the door open for other suitors, including Sprint and Dish … [read full article]
Taking the stage at the UBS Global Media and Communications Conference earlier today, MetroPCS Chairman and CEO Roger Linquist and CFO Braxton Carter discussed the pending deal with T-Mobile. Specifically, Linquist discussed that 2013 will be a year of stabilization for T-Mobile’s postpaid customer base and a year of growth … [read full article]
