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.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
T-Mobile and MetroPCS Announce the LG Aristo
T-Mobile and MetroPCS both plan to sell the LG Aristo starting later this month. The handset is an entry-level device running Android 7 Nougat.
T-Mobile's LG K20 Plus Packs Better Specs
T-Mobile recently rolled out its own variant of the LG K20 and the phone has somewhat better specifications when compared to the Verizon variant of the same handset. The T-Mobile K20 includes the same 5.3-inch 720p display and 1.4 GHz quad-core Snapdragon processor, but improves RAM to 2 GB of RAM and storage to 32 GB.
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.