Following Deutsche Telekom's improved offer for MetroPCS shareholders earlier this week, investors in the regional, flat-rate carrier are beginning to voice their support for the combination of T-Mobile USA and MetroPCS. Specifically, MetroPCS's largest shareholder, Paulson & Co., said it now supports the transaction.
T-Mobile USA parent Deutsche Telekom sweetened its offer for MetroPCS shareholders less than two days before MetroPCS shareholders will vote on a merger between MetroPCS and T-Mobile. The move represents a major concession by DT to MetroPCS shareholders, which have been demanding for weeks that the company improve its offer.
Verizon Wireless confirmed that tomorrow the carrier will launch a prepaid plan that includes 500 minutes and unlimited mobile web and texting. The plan will go for $35 per month and will only be available on basic phones.
As T-Mobile USA parent Deutsche Telekom hurtles toward an April 12 meeting where MetroPCS shareholders will vote on a merger with T-Mobile, it has one distinct advantage: it gets to count the votes.
Deutsche Telekom denied a Reuters report that said the company is considering changing the terms of T-Mobile USA's proposed merger with flat-rate player MetroPCS, whose shareholders will vote on the deal April 12.
In preliminary subscriber figures for the first quarter of 2013, T-Mobile USA managed to reverse its "branded customer" losses, recording a net gain of 3,000 branded customers during the period. The figure is notable considering T-Mobile reported a loss of 349,000 branded customers in the previous quarter and the loss of 262,000 branded customers in the year-ago quarter.
Four leading U.S. mobile operators will use ExteNet Systems' new distributed antenna system (DAS) in the massive Barclays Center sports and entertainment venue.
T-Mobile USA confirmed job cuts at its headquarters in Bellevue, Wash., after weeks of refusing to acknowledge the cuts, but the carrier did not specify how many jobs have been culled.
Institutional Shareholder Services, an influential proxy advisory firm seen as an arbiter between warring shareholders, recommended MetroPCS shareholders vote against the carrier's proposed merger with T-Mobile USA on April 12.
T-Mobile USA CEO John Legere expressed strong confidence Tuesday that MetroPCS shareholders will approve T-Mobile's planned merger with the flat-rate carrier when they vote on the deal April 12.