Deutsche Telekom “Best and Final” MetroPCS merger bid detailed

We knew 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 considering improved bid to save MetroPCS merger

For the most part, things seem to be lining up rather nicely for the proposed merger of 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.

Verizon Wireless acquires Mohave Wireless

Much of the carrier acquisition talk has centered around 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.

T-Mobile cuts several hundred Bellevue HQ employees

It still looks like the T-Mobile and MetroPCS merger is on track for approval from all necessary parties, however it seems as if one of the nastier side effects has also happened. The layoffs. While this is not necessarily the best of news, it is coming as expected. T-Mobile actually confirmed earlier in the month that the layoffs would be happening. So far these layoffs have been from the Bellevue headquarters.

ISS suggests MetroPCS shareholders vote against T-Mobile merger

Things seemed to be going rather well in terms of the T-Mobile and MetroPCS merger. This all began as rumor back in October of last year and as of today we have seen approval after approval. In fact, the merger has been granted approval from the Department of Justice, the FCC and the Committee on Foreign Investment. Basically, that means they have received all the necessary regulatory approvals.

T-Mobile, MetroPCS regulatory approvals now complete

T-Mobile and MetroPCS received the FCC approval back on March 12 which meant that the necessary approvals for a merger were almost complete. Basically, once the FCC offered their approval we still needed word from the Committee on Foreign Investment. Well, approval from the Committee on Foreign Investment as well as the MetroPCS stockholders. As of today however, MetroPCS has offered a bit of a status update.

T-Mobile, MetroPCS merger gains FCC approval

The Federal Communications Commission (FCC) has approved the merger between T-Mobile and MetroPCS. This news comes in follow-up to the thumbs up that we recently saw coming from the Department of Justice (DOJ) and ahead of the shareholder vote. MetroPCS has a shareholder meeting schooled for April 12 and have already pushed for approval noting that if the stockholders were to vote against, they could make “no assurance that MetroPCS will be able to deliver the same or better stockholder value.”
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