Entry level ZTE Concord II added to T-Mobile and MetroPCS

by Christian de Looper on
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Today T-Mobile and MetroPCS announced the availability of their newest entry level smartphone in the ZTE Concord II. The device is powered by Android 4.3 Jelly Bean, has a 4-inch 800×480 display, a 5-megapixel rear facing camera and 4GB of internal storage.

The device also features a 1.2GHz dual-core processor with 1GB of RAM and a battery that lasts for 6 hours of talk time. It will be available on May 19 through MetroPCS but pricing is not yet available. It is also available through T-Mobile immediately with payment spread across 24 months. Hit the break for the press release.

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T-Mobile launches ‘Bring your own device’ program on MetroPCS

by Macky Evangelista on
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Recently T-Mobile has been able to officially secure its purchase of MetroPCS. Its first move is to get users to start using their GSM based service, or vice versa with Metro’s CDMA technology. In a sense, customers can go into a MetroPCS store with a device and activate it using T-Mobile’s GSM bands. The same can also be said with MetroPCS customers as they can head into T-Mobile stores and have their CDMA device activated. The MetroPCS BYOD program is only available in Boston, Dallas, Hartford, and Las Vegas with plans to expand soon.

Of course T-Mobile’s future plans for MetroPCS is to eventually use their LTE bands to help broaden theirs. That will take some time and I see this BYOD program a good step into getting customers into using both T-Mobile’s and MetroPCS’ service. This program is only for Android, iPhone and Windows devices. Sadly Blackberry phones will not be supported.

source: FierceWireless

T-Mobile/MetroPCS merger is complete, new company now known as T-Mobile US

by Roy Alugbue on
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T-Mobile MetroPCS Merger

 

At last, the T-Mobile/MetroPCS marriage is officially complete. After seeing a few signs that the merger was closer to being finalized, Deutsche Telekom AG and T-Mobile US, Inc. announced the newly-formed T-Mobile USA entity— which officially began public trading under the NYSE ticker TMUS as of today. With the new company fully established, Deutsche Telekom AG will effectively hold a majority stake in the company (at 74%), while the combined subscriber base grows to over 40 million. Additionally, the completed merger also expands the total 4G footprint as 228 million are currently served with 4G, with an additional 200 million expected to be covered with 4G LTE by the end of 2013.

You’ll find more details once you hit the break and check out the full presser.

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MetroPCS shareholders give T-Mobile USA merger the green light

by Jared Peters on
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Not too long ago, Deutsche Telekom sweetened the deal for shareholders in MetroPCS to try to grease the wheels of its proposed T-Mobile/MetroPCS merger. And, good news for both companies today, the shareholders in MetroPCS have approved that deal. While it won’t be finalized today, the deal will reportedly be completed by May 1st, so it shouldn’t take too much longer, especially since it’s already past the difficult regulatory approval stage.

T-Mobile has already put their foot on the gas trying to be competitive with some of the bigger carriers, so hopefully this merger will give them a little more ammunition.

source: Bloomberg

T-Mobile And MetroPCS Merger Receives Complete Regulatory Approval

by Mike Stenger on
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T-Mobile MetroPCS Merger

Back in October, Deutsche Telekom struck a deal to merge T-Mobile USA with MetroPCS for $1.5 billion in cash and a 26% stake in the combined company. Now, the merger has been approved by regulators which gets it one step closer to final approval. On April 12, MetroPCS shareholders will vote to approve the merger. Moving forward, T-Mobile has an event scheduled on March 26 which is when they’re expected to talk about the new “UNcarrier plans” and possibly more details about the MetroPCS merger now that it received regulatory approval.

Source: MetroPCS – Investor Relations

T-Mobile/MetroPCS FCC approval may be near as vote date approaches for MetroPCS

by Jeff Causey on
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With MetroPCS scheduled to vote on a merger with T-Mobile only a couple weeks away, the deal appears to have moved closer to obtaining FCC approval. An attorney for the Communication Workers of America Union claims the deal will be approved “at the bureau level instead of the commission level.” The union is watching the proceedings closely as they have concerns about the merger and this apparent move by the FCC to usher approval on through does not sit well with the union. Debbie Goldman, a director with the CWA refers to the possible FCC decision as “outrageous” and “unprecedented.” Despite the CWA’s concerns, others see this latest development as positive news. David Kuat, an analyst with Stifel Nicolaus & Co., believes the lack of commission level action reveals the deal to be “basically non-controversial” and that “no one thinks this is going to be blocked.”

source: TmoNews

MetroPCS sets March 28 as date to vote on T-Mobile merger

by Nathan Alvarez on
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Save the date folks. Wireless carrier MetroPCS has set March 28th as the date to vote on its merger with T-Mobile. The two phone carriers have been in talks to merge that was reported as early as October 2012. According to reports, this merger will be classified as a “reverse merger” meaning that T-Mobile will merge into MetroPCS’ structure rather than the opposite. Deutsche Telekom will benefit from this merger by getting 74% of the company’s shares. The remaining 26% will go to MetroPCS shareholders which equals a total amount of $1.5 billion.

While the date has been set, there looks to be some potential roadblocks in the form of some opposition to the merger. Among the different opponents out there is P. Schoenfeld, a firm who holds a total of 8.3 million shares, or about 2.3% of shares in MetroPCS. The firm has expressed the intention to vote against the merger using its shares. Along with them is another firm expressing opposition to the merger, Paulson & Co. Paulson & Co. has a total of 8.7% of shares in MetroPCS and may join in the efforts to oppose the merger of the two wireless carriers.

It will be interesting to see how this developing T-Mobile/MetroPCS saga will play out.

Source: MarketWatch

T-Mobile sends out letter to its customers regarding potential MetroPCS merger

by Sean Stewart on
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While it’s certainly not official yet, that isn’t stopping T-Mobile from touching base with their customers and sending out an FYI of sorts. Upon checking the mail today, there it was – a letter with “important information” contained therein. Turns out T-Mobile’s CEO, John Legere, has a message for us on Magenta’s network. Juicy details are scarce, but it does mention the pending merger with MetroPCS promising a “bigger, better, bolder” US wireless provider. It goes on to claim T-Mobile will be the “premier challenger in the US market” by emphasizing value.

The letter also promises greater speed, bigger capacity, and better reliability as well as deeper network coverage, all as a result of this pending merger. These are sticking points that T-Mobile customers have been clamoring for over the years. I can almost count on two hands where our network coverage struggles to keep up on outings that we make on a monthly basis. Also, the recent vacation we took was a little challenging due to T-Mobile’s slower speed and lacking data/voice coverage. It’s a little frustrating but being with Magenta for over 10 years has its perks. Just dialing “611″ from my mobile phone and asking for the Loyalty Department coupled with our 10-plus years of service prompts immediate credibility, and there have been quite a few times we’ve gotten new devices at a full discount prices well before our contract was up. So, it’s definitely a “can’t live with them, can’t live without them” type of relationship. » Read the rest

Unapproving shareholders look to block MetroPCS and T-Mobile merger

by William Metzger on
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T-Mobile’s parent company, Deutsche Telekom, was poised to merge with MetroPCS for a purchase price of $1.5 billion, until the shareholders stepped in. MetroPCS, who has been successful with their low-cost LTE service, is currently sitting at around $11.33 per share. Deutsch Telekom’s original offer of $1.5 billion would hand over 74% of the stock, which works out to around $12.48 per share, as well as include a 1-for-2 reverse stock split. The remaining 26% would stay in the shareholders hands.

The current shareholders are feeling a bit undervalued, which you can’t completely blame them since the company was once valued at $10 billion. They feel that the small asking price is a far cry from the $39 billion AT&T dropped for T-mobile itself, and T-Mo doesn’t even offer LTE service. This barricade by stockholders could potentially affect not only the mobile service business, but also increase the value of the MetroPCS stock on the New York Stock Exchange.

Source: Phandroid

Sprint may counteroffer T-Mobile bid to merge with MetroPCS

by Jeff Causey on
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Yesterday, things looked all but certain for a merger to occur between T-Mobile and MetroPCS according to an announcement from Deutshe Telekom AG. One day later though the situation may have changed. Reports indicate Sprint may be in the process of preparing a rival proposal to acquire MetroPCS. Analysts believe Sprint and MetroPCS would be a good fit because their networks are compatible. Supposedly Sprint is crunching numbers and have their advisors reviewing a potential merger. » Read the rest