MetroPCS to Investors: Approve T-Mobile Deal
MetroPCS' board of directors has reviewed the revised merger bid from Deutsche Telekom and unanimously approved the merger under the new terms. Deutsche Telekom amended the terms of the merger agreement such that it includes less debt and a better interest rate after it appeared that MetroPCS investors might vote down the proposed merger. Deutsche Telekom called the revised terms its "best and final offer." The merger has already been approved by the government and is awaiting a MetroPCS shareholder vote. The vote was originally to take place April 12, but was rescheduled to April 24 to give shareholders more time to consider the revised terms.
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.
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 Wants $1B Break-Up Fee If Sprint Deal Fails
T-Mobile and Sprint are weighing several big factors ahead of a potential merger between the two. To start, Deutsche Telekom, a two-thirds owner of T-Mobile, is demanding a break-up fee of at least $1 billion if the merger is shot down by U.S.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.