T-Mobile USA and MetroPCS officially closed their merger transaction and are now one publicly traded company. T-Mobile started trading today on the New York Stock Exchange under the ticker symbol "TMUS."
T-Mobile USA said it will continue to support its GoSmart Mobile prepaid brand after it closes its merger with MetroPCS. The news is notable considering T-Mobile plans to take MetroPCS' prepaid brand nationwide after it closes its merger with the flat-rate, no-contract carrier.
MetroPCS said that LTE subscribers now make up 39 percent of its subscriber base, an important figure for T-Mobile USA as that carrier ramps plans to merge its network with MetroPCS' network. The 39 percent figure is in MetroPCS' first-quarter results, which are its last as an independent company; MetroPCS shareholders voted overwhelmingly Wednesday to approve the company's merger with T-Mobile.
MetroPCS shareholders approved the company's merger with Deutsche Telekom's T-Mobile USA, clearing the final hurdle for the merger of the nation's No. 4 and 5 carriers in a move that DT hopes will strengthen its U.S. brand. DT had improved the terms of its initial offer to win over wary shareholders.
How did the wireless industry perform in the first quarter quarter of 2013? Check here throughout the first-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
MetroPCS has started to transition its mobile Internet network to IPv6 protocol technology and will use Cisco's IPv6 gear to help manage the process. The company has deployed Cisco's IPv6 solution in the core and for IP aggregation.
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.