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....
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.
T-Mobile’s UnCarrier approach to the cell phone carrier market has pretty bold and successful so far, but when you’re looking at the big picture, T-Mobile’s network still just isn’t on par with what Verizon and AT&T offer, especially in terms of coverage.
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.
Evernote, which now has 4 million users in Europe, is stepping up its bid to pick up more. Today the company is announcing a new deal with T-Mobile owner Deutsche Telekom to offer Evernote Premium free for six months to mobile users across DT’s entire network, covering 12 markets and 57 million users.
France’s disruptive telecom company, Free, just announced that it wanted to acquire T-Mobile US. The WSJ first broke the story. Free then confirmed the bid in a press release. Sprint was already in talks with T-Mobile for a potential acquisition. Now, Free (also known as Iliad) is offering $15 billion in cash for 56.6 percent of the American company at $33 per share.
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.
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....