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Justice Department Approves of T-Mobile/MetroPCS Merger

Article Comments  14  

Mar 6, 2013, 11:30 AM   by Eric M. Zeman   @phonescooper
updated Mar 6, 2013, 11:35 AM

The U.S. Department of Justice today indicated that it approves of T-Mobile USA's plan to merge with MetroPCS. Technically, the Justice Department allowed the shot clock, during which it would voice any formal objections or block the merger, to run out without fileding any complaints or taking any action against the merger. In so doing, the merger has been given approval. T-Mobile USA's planned merger with MetroPCS still needs to pass muster with the Federal Communications Commission and MetroPCS' stockholders. Some of MetroPCS's investors have recently indicated they will not approve the merger, but Deutsche Telekom, parent company of T-Mobile USA, believes the merger will proceed as planned. MetroPCS has scheduled a shareholder vote on the merger for April 12. The Justice Department has taken a more active role in approving mergers in the wireless industry in recent years, and in 2011 blocked AT&T from acquiring T-Mobile USA. The DoJ's approval of the T-Mobile/MetroPCS deal means it sees little or no downside to consumers or the competitive market as a whole.

more info at GigaOm »

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Comments

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dadayk12

Mar 11, 2013, 10:15 PM

will it be for better

?
Jayshmay

Mar 6, 2013, 1:11 PM

Yayyy, finally!!!. .

Now, start combining spectrum!
More spectrum, more speed!!!
More competition for the bigger carriers too!
Jayshmay said:
Now, start combining spectrum!
More spectrum, more speed!!!
More competition for the bigger carriers too!


No, you do not understand the article. The DoJ does not approve mergers -- it only opposes...
(continues)
...
Now go and overtake Sprint for 3rd biggest wireless carrier!!
...
Jay,

I'm all for more competition but, I'm more in favor of consumers being ablle to have their voices heard. While the DOJ may have sped up their approval process by not filing any complaints, I fear they equally haven't taken the time to even li...
(continues)
...
Keep in mind, this does not mean that it has been 100% approved. It still needs to pass more muster as well as shareholders.
 
 
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