MetroPCS reiterated its call to shareholders to approve its merger with Deutsche Telekom's T-Mobile USA, arguing that no other company has emerged since last fall to make a counter bid for the company.
T-Mobile USA will continue to offer its traditional Classic plans with device subsidies at third-party retailers, according to a TMoNews post. The company had previously announced that it intends to switch exclusively to offering its Value plans without device subsidies later this month.
With shareholder approval essentially all that stands between T-Mobile USA merging with MetroPCS, one minority institutional MetroPCS investor is doing all it can to draw attention to what it sees as the flaws in the deal. P. Schoenfeld Asset Management LP, whose holdings represent about 2 percent of MetroPCS shares, sent a letter to MetroPCS shareholders urging them to vote against the deal and promising to deliver a white paper that explains its opposition.
The FCC approved T-Mobile USA's proposed merger with MetroPCS, putting the deal one step closer to completion. The transaction has received approval from the Department of Justice and must now be approved by MetroPCS' shareholders, who are set to vote on the deal April 12.
MetroPCS sent a letter to its shareholders urging them to approve its planned merger with T-Mobile USA when they vote on the deal April 12, arguing that minority shareholders are spreading misperceptions about the agreement. Meanwhile, a lawyer for the Communications Workers of America union said in an FCC filing that the commission may approve the deal at the bureau level rather through a formal vote by the FCC's five commissioners.
T-Mobile USA is preparing to cut jobs at its headquarters in Bellevue, Wash., ahead of its planned merger with flat-rate carrier MetroPCS, according to multiple reports.
Ericsson is upgrading MetroPCS' LTE network with enhanced capabilities to support services such as Voice over LTE and Rich Communication Services. The news comes as MetroPCS works toward completing its planned merger with T-Mobile USA.
A group of House Democrats urged the FCC to ensure that T-Mobile USA will accept measures to protect jobs as a condition of the FCC's approval of T-Mobile's merger with flat-rate player MetroPCS.
MetroPCS is facing pressure on multiple fronts from minority shareholders over its proposed merger with T-Mobile USA, with its largest single investor coming out against the deal and another one urging the company to update its regulatory filings ahead of a shareholder vote on the deal.
The GMSA will create an end-to-end implementation guide to help mobile operators better understand how to deploy VoLTE on their networks, according to a senior executive in the organization.