began as rumor back in October 2012 and was quickly confirmed. At the time of the confirmation, the merger was expected to be wrapped up and completed sometime in the early part of 2013. Well, sitting on May 1, 2013 we now have word of the merger being fully completed. As a result, we now have T-Mobile US, which will be trading as TMUS.
MetroPCS and T-Mobile merger received the final approval yesterday. Following that news, we now have the MetroPCS Q1 2013 earnings report. In addition to the expected financials, this report also touches a bit on the merger. In the report there is mention of how they plan to have the merger completed by April 30, 2013. Of course, Deutsche Telekom had said that much yesterday.
shareholders approving the merger between T-Mobile and MetroPCS, however coming as a bit of an update, Deutsche Telekom has offered up some additional details. Just to begin with, a company spokesperson is calling this a "major step for Deutsche Telekom."
received the approval from the board of directors earlier in the month, the T-Mobile and MetroPCS merger was left needing only the approval from the shareholders. The original shareholder meeting was delayed, which resulted in a push back to April 24. Anyway, the shareholder meeting has taken place as expected and it looks like the merger has been approved.
MetroPCS press release which states that the "board unanimously recommends that MetroPCS stockholders vote their shares "FOR" all proposals relating to the proposed combination with T-Mobile." Basically, the MetroPCS and T-Mobile merger continues to move forward.
Pulse News has been acquired by LinkedIn for the tune of around $90 million dollars in a mix of mostly stocks, as well as some cash. At first thought we were worried, but rest assured that Pulse won't be going anywhere - at least for now.
Deutsche Telekom was planning to submit a new bid dealing with the MetroPCS and T-Mobile merger and it looks like that has not only been done, but also detailed. This will not change the earlier bit about the MetroPCS shareholder meeting having been pushed back to later in April, however we now know what this new bid includes. Coming by way of Deutsche Telekom, here are the details of what they are describing as the "best and final offer."
Deutsche Telekom was considering a improved bid to help save the MetroPCS and T-Mobile merger and today has word of a delay. The delay is not on the part of Deutsche Telekom, but instead as a result of MetroPCS delaying the special stockholder meeting. That meeting was originally scheduled to take place on April 12, but has been bumped to later in the month.
T-Mobile and MetroPCS. We have already seen all the necessary regulatory approvals which means that the Department of Justice, FCC and the Committee on Foreign Investment have all given the thumbs up. In fact, aside from a statement from Institutional Shareholder Services (ISS), we have seen very little in terms of opposition.
T-Mobile and MetroPCS lately, however it looks like Verizon Wireless also has some related news. In short, Verizon Wireless has announced the completion of an acquisition with Mohave Wireless. The financial terms have yet to be disclosed, however it was said that Verizon Wireless acquired Mohave Wireless from Frontier Communications and Rio Virgin.