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.
ISIS is a Mobile Wallet application that was created by Verizon, AT&T, and T-Mobile. The product will initially launch on October 22nd in the selected markets: Salt Lake City, UT and Austin, TX. ISIS aims to be similar to Google Wallet as you’ll be able to turn your smartphone into a virtual wallet and use it in combination with your NFC-enabled device to pay for your purchases. Here’s some more details about ISIS:
- Virtual Cards: As expected, Isis will hold virtual versions of credit cards, an Isis Cash Card (prepaid card), store loyalty cards, and a section for special offers and promotions.
- Bonus Cash: When you first activate Isis, there will be a $10 bonus card for you to use. If you want even more cash, you can upgrade the Isis Cash Card to “reloadable” status which will land you an additional $15.
- Security: If your phone is lost or stolen, you can call Verizon and they will freeze Isis from working.
- Merchants: Isis will work at merchant locations that use Visa PayWave, MasterCard Paypass, Discover Zip, American Express and Google Wallet.
- NFC-SIM Cards: From what we have been told, Verizon will use new NFC-SIM cards on their Isis approved devices. We aren’t sure why they aren’t satisfied with simply using the on-board NFC chip, but this likely creates an additional level of security. It’s also a level of security that they can have intense control over, I would assume.
- Devices: The official “Isis ready” device is the DROID Incredible 4G LTE. As you will recall from this morning, the device is set to receive an update to make it Isis ready. Additional devices will be made available at a later time, but you should note that not all NFC phones can support Isis. If you live in a trial market and purchase an Incredible 4G LTE on or after October 22 (launch day), it will be activated with a new NFC-SIM card. If you already own an Incredible 4G LTE and live in a test market, you will be able to obtain an NFC-SIM to replace your current SIM.
- Incredible 4G Purchase + $50 in Cash: From October 22 to November 20, you can buy an Incredible 4G LTE and receive a $50 Visa Pre-Paid card. From what we understand, you will have to activate Isis and submit a rebate form in order to get the card.
What do you guys think about ISIS? Do you think it can compete with Google Wallet or do you guys see now use of this because of the availability of Google Wallet?
source: Droid Life
In something that should really come as no surprise, Samsung’s fastest selling device ever is now T-Mobile’s fastest selling device ever. T-Mobile took some and made this historic announcement on its Twitter page for all the world to see. Coupled with T-Mobile’s extensive 4G and Samsung’s own Next Big Thing campaigns, the Galaxy S III represents itself as T-Mobile’s phone to beat and flagship phone. One has to wonder though how the Galaxy S III will do once the intriguing (and sleek I may add) Galaxy Note II hits shelves in about a month’s time.
source: T-Mobile Twitter
Good news for those T-Mobile customers wanting somewhat concrete evidence of the Galaxy Note II‘s release: According to TmoNews, they’ve come across a screen capture of an internal T-Mobile memo outlining their plans for the Note II release. According to the “unofficial blog of T-Mobile”, it looks like we’ll see this beast in the wild beginning October 24th which, maybe not so coincidentally, coincides with that little Samsung event in New York. Furthermore, it’ll supposedly come in two colors – white and gray. Please remember that we should still treat this solely as a rumor at this point.
As a refresher, the Note II on T-Mobile’s network will be its first device to ship with Android 4.1 Jelly Bean out of the box, as well as their first Samsung quad-core device. The device will also ship with Samsung’s TouchWiz interface sitting atop of Android 4.1 to go along with its 5.5-inch Super AMOLED HD (1280 x 720) display, 1.6GHz processor, and a beefy 2GB of RAM. Let’s just hope the battery can somewhat keep up. According to the screen capture, it looks like we may find out more on October 15th. Stay tuned.
Well, now we can say that it’s official. Last week, we reported images of the LG Optimus L9 complete with T-Mobile branding were leaked. Today, T-Mobile and LG have officially announced its availability. LG is touting the device’s sleek, stylish, and thin frame (.36-inches thin) to go along with its 4.5-inch qHD display, 1GHz dual-core processor, and long-lasting battery. Pricing and a solid release date have yet to be announced, other than the vague “fall” release window. However, it’s safe to say that we’ll probably see the sleek device by November. If interested, you may also want to keep checking T-Mobile’s device page on its website since it may be listed as “Coming Soon” in the coming days. Hit the break for the full press release. Read more
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 more
The LG Optimus L9 cruised through the FCC recently, and it looks like it’s headed to T-Mobile because @evleaks tweeted an image of the said device. The Optimus L9 features a 4.7-inch qHD (960 x 540) IPS display, a 1GHz dual-core CPU, 1GB of RAM, 5MP rear camera, 4GB of storage, and a 2150mAh battery.
We have no idea on availability or pricing, but I would imagine it will land by the holidays.
T-Mobile customers can breathe a sigh of relief today. Not just because the Samsung Galaxy Note II has been spotted with T-Mobile branding, but because the device doesn’t seem to feature the same carrier branded home button as the Verizon variant that we saw last month. While T-Mobile has already confirmed that the Note II would be arriving later this year, a recent FCC filing suggests the launch may not be too far off. Either way, be sure to take a look at some additional images of the Titan Grey Galaxy Note II after the break.
It was confirmed yesterday that MetroPCS and T-Mobile were in talks of a merger, now the deal has been approved. MetroPCS and their 9.3 million subscribers will be under the T-Mobile umbrella, headed by T-Mobile’s CEO John Legere. T-Mobile and MetroPCS have fewer subscribers than Verizon, AT&T, and Sprint, but this deal will bring them to over 35 million customers. This isn’t the first time T-Mobile has tried a merger, but this deal seems more likely to go through, giving T-Mobile more subscribers and network coverage. Deutsche Telekom will have a large stake in the new company which may or may not diminish over time. Expect for this deal to be finalized early next year.
Source: The Verge
As we reported earlier, AT&T and Samsung have released a joint statement regarding the impending release of the Samsung Galaxy Note II. This followed news that Samsung was working with several major carriers to bring the device to the U.S. market. Samsung has scheduled an event for October 24th in New York where it is anticipated a more detailed announcement regarding the Galaxy Note II will be made.
Although no dates for availability in the U.S. and Canadien markets have been made yet, interest in the imminent release will be fueled by the discovery of what appears to be the Galaxy Note II wending its way through the FCC approval process for three different carriers. The first device spotted is an SGH-i317 with specifications that appear to be consistent with AT&T and possible Canadien carriers. Another device going by model number SCH-i605 has CDMA and GSM antennas along with a 700 MHz LTE band appears to be headed to Verizon as a dual-band device. Finally, an SGH-T889 might be headed to T-Mobile based on the inclusion of a 1700 MHz AWS frequency.