FCC Approves T-Mobile/MetroPCS Acquisition
The Federal Communications Commission today approved T-Mobile's request to purchased MetroPCS in a reverse merger. After reviewing the applications by T-Mobile USA and MetroPCS, the FCC believes the merger will, overall, be good for consumers in the U.S. "We find that the transaction is not likely to result generally in competitive or other public interest harms," said the FCC in a statement. "In addition, to the extent there may be some possible competitive harms in selected geographic areas, we find that these possible competitive harms are outweighed by certain public interest benefits likely to result from the proposed transaction. Such benefits include the facilitation of Long Term Evolution deployment, the expansion of the MetroPCS brand into new geographical markets, the development of a more robust, national network, improved quality of service, and the strengthening of the fourth largest nationwide service provider's ability to compete in the mobile broadband services market." Separately, FCC chairman Julius Genachowski said, "With today's approval, America's mobile market continues to strengthen, moving toward robust competition and revitalized competitors. Today's action will benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years." The Justice Department also recently green-lighted the deal, which now hinges on a MetroPCS shareholder vote.
Blu Life One X3 Adopts Metal-and-Glass Design and Packs 5,000mAh Battery
Blu Products today announced the Life One X3, a mid-range handset from the unlocked phone maker. The One X3 has a curved-edge glass screen and an aluminum frame painted in matte black.
Unlocked Blu S1 Compatible with Most U.S. Carriers
Blu Products recently announced the S1, an inexpensive Android smartphone that's available unlocked from Amazon.com and BestBuy.com. One of the chief benefits of the S1 is its wide compatibility with U.S.
FCC Officially Approves AT&T/DirecTV Acquisition
The FCC today gave formal approval to AT&T's proposed acquisition of satellite TV provider DirecTV. The FCC believes that as long as AT&T adheres to the conditions of the deal, it will serve the broader public interest.
FCC Greenlights AT&T Spectrum Deal
The FCC has approved AT&T's request to purchase two Cellular A Block licenses and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum covers 11 counties and parts of two Cellular Market Areas in Illinois.
AT&T Says T-Mobile Opposing Spectrum Deal On Principle
T-Mobile and the Competitive Carrier Association are asking the FCC to deny AT&T's proposed acquisition of 700 MHz B Block licenses from Club 42. AT&T first filed its request with the FCC last year and now says T-Mobile and the CCA are trying to sink the deal for no good reason.
"reverse merger"?. . .
So is the MetroPCS name going to take over, and the T-Mobile name will cease to exist in the U.S.?
Who is taking whose name?
Think of it this way, MetroPCS is selling stock to DT ...
Yaye!!! Now go kill Sprint!!!
Does that mean
"A reverse merger is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The ...