Here we go again as a brand new day yields yet another turn of events in the ongoing saga that is becoming the T-Mobile/MetroPCS merger. With a statement denying reports that Deutsche Telekom was considering “sweetening” … [read full article]
In response to a Reuters report this morning (that I was in the middle of typing up as this new report came out) Deutsche Telekom denies that they will sweeten the deal with MetroPCS. “We are not considering changing the terms of the proposed merger,” DT spokesman Philipp Kornstaedt told FierceWireless. The Reuters report had cited two unnamed sources that DT is considering … [read full article]
T-Mobile’s proposed merger with MetroPCS was handed another blow this morning as the last major proxy advisory firm recommended against the deal. In its findings, Glass Lewis & Co found the proposed … [read full article]
Things are looking a little bleaker for the MetroPCS/T-Mobile merger as Institutional Shareholder Services Inc has come out in opposition of the merger. ISS, an investor-advisory firm helping companies manage large investments released a report suggesting MetroPCS shareholders can get a better deal from another company. “The ultimate question for … [read full article]
T-Mobile’s CEO honest approach to the industry knows no bounds as he goes after the set of hedge funds hoping to block the MetroPCS/T-Mobile merger. When asked yesterday about the prospects of the deal closing in light of vocal opposition by Paulson & Co, along … [read full article]
MetroPCS reiterated its plea to shareholders this morning in a new letter sent through the mail to approve the merger with T-Mobile as no other rival bids have arrived. “No other bidders have emerged in the five months since the proposed combination was announced,” the company said today … [read full article]
With FCC approval now behind them, T-Mobile’s issued a new statement providing a current update on the proposed combination with MetroPCS. As the statement highlights, all that remains is a … [read full article]
Hot on the heels of reports that the FCC would approve the T-Mobile merger at the bureau level and not a full vote — comes exactly that result. The flash just hit Bloomberg News, leaving any remaining obstacles to the merger to … [read full article]
According to a Communication Workers of America Union attorney, the Federal Communications Commission will approve the T-Mobile/MetroPCS merger without holding a vote. Monica Desai, attorney for the CWA says the deal will be approved “at the bureau level instead of the commission level.” David Kuat, analyst for Stifel Nicolaus & Co., says this development, if true is … [read full article]
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]
