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Thread: T-Mobile and MetroPCS $1.5 Billion Dollar Merger Officially Moves Forward

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    #1

    T-Mobile and MetroPCS $1.5 Billion Dollar Merger Officially Moves Forward


    Here's an example of a business deal moving forward quickly. Just yesterday there was word that Deutsche Telekom, the parent company of T-Mobile was in talks with MetroPCS to merge the two U.S. networks together. This morning we already have word that a $1.5 Billion agreement has been agreed to and is ready to proceed forward. Supposedly, the new merged companies will be called T-Mobile and will still be run by T-Mobile Chief Executive John Legere. Here's a quote with some additional detail,

    T-Mobile says that the merger is “structured as a recapitalization, in which MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of $1.5 billion to its shareholders (approximately $4.09 per share prior to the reverse stock split) and acquire all of T-Mobile’s capital stock by issuing to Deutsche Telekom 74% of MetroPCS’ common stock on a pro forma basis.”
    This is a deal that is much less likely to be halted by the Federal government like what happened when AT&T tried the same thing.

    Source: BGR
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    #2
    hopefully this means better coverage for t-mobile and even more pressure on vzw
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    Myth's and legends that did not exist in yesterday's world will exist in tomorrows. ~Allanon
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    I think its a good merger. Two smallish companies will become a not as big as ATT/Veriztion but big enough to give them some competition.
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    #4
    Quote Originally Posted by liftedplane View Post
    hopefully this means better coverage for t-mobile and even more pressure on vzw
    Sadly no...we will need another alltel for that to happen.
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    #5
    alltel had some cool commercials back in the day

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    Quote Originally Posted by pc747 View Post
    Sadly no...we will need another alltel for that to happen.
    and yet verizon bought them out right? we will need someone that can truly compete, it'll happen someday (comeon google)
    Myth's and legends that did not exist in yesterday's world will exist in tomorrows. ~Allanon
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    Yes, please Google..save us! Not that I don't love giving vzw $98 per month for basically just texting.
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    Seeing as how one is GSM and the other is CDMA, I doubt you will see either company have improved coverage for a while, they may just share LTE and keep their 2G/3G networks separate.
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    Yeah, I thought about this happening when the whole share plan came out from Verizon. I wanted to leave Verizon, to go to Metro PCS, but I was thinking that they would have poor service where I live. Then I thought about T-Mobile, but there 4G speeds are no where near Verizon.

    I said that I wish T-Mobile would just buy Metro PCS and give Verizon customers a real alternative.

    Please excuse me while I go play the lottery.
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