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....
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.
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.
The United States Department of Justice filled an antitrust lawsuit Aug. 31 that seeks to prevent the merger of AT T and T-Mobile USA, a division of Deutsche Telekom. The proposed $39 billion merger would reduce competition for mobile wireless communications services across the United States, according to a DOJ statement....
T-Mobile’s parent company, Deutsche Telekom, was poised to merge with MetroPCS for a purchase price of $1.5 billion, until the shareholders stepped in. MetroPCS, who has been successful with their low-cost LTE service, is currently sitting at around $11.33 per share.
T-Mobile’s newest wireless plans have certainly gone without notice from its competitors, so it’s expected that we’ll see an onslaught of ads highlighting that there are more than a few alternatives out there for folks to choose from.