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.
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.
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 […]