It was confirmed yesterday that MetroPCS and T-Mobile were in talks of a merger, now the deal has been approved. MetroPCS and their 9.3 million subscribers will be under the T-Mobile umbrella, headed by T-Mobile’s CEO John Legere. T-Mobile and MetroPCS have fewer subscribers than Verizon, AT&T, and Sprint, but this deal will bring them to over 35 million customers.
The boards of T-Mobile parent company Deutsche Telekom and MetroPCS has approved a deal to merge MetroPCS and T-Mobile USA, sources told the Wall Street Journal this morning. T-Mobile previously sought to be acquired by AT&T, but that deal was shot down by U.S.
AT T is ending its $39 billion bid for T-Mobile, a proposed merger that had drawn considerable pushback from federal regulators and rival carrier Sprint. AT T also announced it will pay T-Mobile parent Deutsche Telekom some $4 billion in breakup fees....
Interesting news out of Japan this morning, reported by Reuters, that Detutshe Telekom has agreed to sell T-Mobile to Softbank. Be interesting to see how this develops, especially since I believe any merger attempt with Sprint will be denied by the FCC/Justice Department.
Evernote, the popular note taking and personal organizer app, today took another step in its strategy to ramp up its international presence, with news that it has inked a strategic partnership with Deutsche Telekom, the German carrier that also owns T-Mobile.
Apple (NASDAQ: AAPL) will use $356 million of its nearly $120 billion cash hoard to snap up AuthenTec (NASDAQ: AUTH), a 217-employee, Melbourne, Fla.-based mobile security vendor. The deal will pay AuthenTec’s shareholders $8 per share or a 60 percent bump over Thursday’s $5.07 closing price.
AuthenTec, founded in 1998, makes fingerprint sensors and identity management software.
Oh, man. According to reports out of Bloomberg, Sprint is close to reaching an agreement to acquire T-Mobile for a summertime merger. The proposed deal could leave T-Mobile parent company Deutsche Telekom with only a 15% stake in the company, while Sprint gains 50% stock and 50% cash. Sources close to the matter say they’re […]