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.
Samsung Makes the Galaxy J7 and Galaxy J3 Available Unlocked
Samsung today added the Galaxy J7 and Galaxy J3 to its list of unlocked smartphones. The two inexpensive handsets will be available to purchase directly from Samsung's web site as well as select retailers starting July 28.
T-Mobile Now Selling the Coolpad Defiant for $100
T-Mobile today added the Coolpad Defiant to its roster of inexpensive Android handsets. The phone features a 5-inch screen with 854 by 480 pixels and it is powered by a 1.4 GHz quad-core processor with 8 GB of storage.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
MetroPCS to Sell Motorola Moto E4 from July 31
T-Mobile today said its prepaid unit MetroPCS will offer the Motorola Moto E4 smartphone beginning July 31. The handset features a metal design, 5-inch 720p HD screen, and 2,800mAh battery.
Stick A Fork in Her...
I have not heard one shareholder come out in favor and this does not look good for the merger.