MetroPCS's Largest Shareholder to Vote Against T-Mo Merger
MetroPCS and T-Mobile face dissension among the shareholder ranks. MetroPCS shareholder John Paulson, who manages a hedge fund through Paulson & Co., notified MetroPCS today that he intends to vote against the proposed merger. Paulson's fund holds a 9.9% stake in MetroPCS. Paulson's decision follows a similar one by P. Schoenfeld, which owns a 2.3% stake in the company. The two shareholders believe that MetroPCS can negotiate a better acquisition deal with companies other than Deutsche Telekom, T-Mobile USA's parent company. MetroPCS and T-Mobile are still confident the deal will garner the support from the majority of shareholders, as well as the federal government.
Review: ZTE Avid 4 for MetroPCS
ZTE's latest low-cost handset for MetroPCS offers entry-level specs and performance. It includes a 5-inch screen, 8-megapixel camera, and Android 7 Nougat.
Blu Pure View Boasts an 18:9 Screen and Dual Selfie Cams
Blu Products today announced the Pure View, a premium handset that adopts modern design aesthetics and features. The Pure View has a metal frame and ultraviolet battery cover on the rear in midnight black.
Alcatel 1x with Android Go Hits US Retail Next Week for $100
TCL today announced that its Alcatel 1x phone, an entry-level Android device that runs Android 8.1 Oreo Go Edition, will be available from Amazon.com starting the first week of June. The unlocked device is priced at $99.
MetroPCS to Sell the iPhone
T-Mobile's prepaid brand, MetroPCS, today said it will soon sell the entire range of iPhones from Apple. MetroPCS plans to kick off iPhone sales at select stores in Florida on July 1, but will expand to all stores around the nation soon.
Stick A Fork in Her...
I have not heard one shareholder come out in favor and this does not look good for the merger.