Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > FCC greenlights T-Mobile, MetroPCS merger

FCC greenlights T-Mobile, MetroPCS merger
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Mar 12, 2013, 06:29 PM
Earlier today, the Federal Communications Commission (FCC) allowed T-Mobile's parent company Deutsche Telekom to merge its US wireless division with MetroPCS. The FCC believes that the combination will speed LTE deployment, expand MetroPCS into new markets, and overall build a stronger and faster national telecommunications network. The deal, announced in October, would see the nation's fourth-largest carrier merging with its fifth-largest. MetroPCS' 9.3 million-strong customer base would be added to T-Mobile's existing 33.2 million customers

The Department of Justice allowed the 30-day antitrust waiting period to lapse without comment, giving tacit approval to the deal. Assuming the shareholders approve the deal, $1.5 billion in cash will be paid to stock owners, and they will be provided a total 26 percent share in the merged company. Major shareholders P. Schoenfeld Asset Management and Paulson and Company are voting against the merger, citing too much combined debt. The combined pair own nearly 20 percent of the company. FCC chairman Julian Genachowski said in a statement about the merger that "with today's approval, America's mobile market continues to strengthen, moving toward robust competition and revitalized competitors. Today's action will benefit millions of American consumers and help the US maintain the global leadership in mobile it has regained in recent years." MetroPCS and T-Mobile USA currently use different network technologies, meaning that T-Mobile telephones would not be able to operate on MetroPCS' network, and vice versa. Both companies, though, are rolling out 4G networks, and their networks should be interoperable in the future.
( Last edited by NewsPoster; Mar 13, 2013 at 03:10 AM. )
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Privacy Policy
All times are GMT -4. The time now is 01:00 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2