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 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.
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.
Samsung GALAXY S 4 is going to be available with a wide variety of carriers in the US market. Given that, we also know that means we will be seeing a wide variety of FCC filings dealing with the GALAXY S 4. These will not give us anything new in terms of a possible release date, however they are a required step and if nothing else -- these filings just mean one less reason for a possible delay.
MetroPCS as they have announced their latest smartphone offering. The latest handset to join the lineup is the Huawei Premia 4G. The handset arrives in traditional MetroPCS fashion, which is really just to say that it is a contract-free device and eligible for the unlimited talk, text and data plans which start at $40 per month.
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 will be making a lot of huge announcements at the events, many of which we have already heard about. We know that T-Mobile is planning on getting rid of phone subsidies, contracts, overages, and more. You can pay for your new smartphone in installments over the course of 25 months, and there will be more simplified plans for everyone.
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.”