MetroPCS today unveiled a new rate plan that includes unlimited talk, text, and LTE 4G data for $50 per month. Customers can sign up for the promotional plan between today and April 5. Once signed up, users can keep the unlimited LTE 4G data plan indefinitely. In order to use this plan, however, customers have to have a MetroPCS-branded LTE-capable handset. Customers cannot supply their own, unlocked handset. MetroPCS also increased the data available to its existing plans by 1GB each. For example, its $40 plan now includes unlimited talk, text, and up to 2GB of LTE (improved from 1GB), and a $50 plan with unlimited talk, text, and up to 4GB of LTE (improved from 3GB). These plans are available to BYOD customers and MetroPCS-branded devices. Last, MetroPCS said customers can buy the Samsung Galaxy Light for $49 and the LG F60 for $59. MetroPCS does not require contracts.
T-Mobile CEO John Legere took to the company's blog today to shed some light on its plans headed into 2015. To start, the company claims it will cover 300 million POPs with LTE by the end of 2015. It currently covers 264 million. T-Mobile will deploy Wideband LTE to a total of 150 markets around the country, though it is already present in about 120 markets. The company said it will eventually provide LTE to 350 markets via its 700MHz spectrum holdings. T-Mobile only recently began to deploy LTE on 700MHz, and didn't say how long it will take to reach those 350 markets. Legere noted MetroPCS, T-Mobile's prepaid service, will continue to see uncharted growth. The small carrier has already made big gains since T-Mobile acquired it in 2013. Legere also took the opportunity to poke fun at T-Mobile's rivals and make predictions about what's to come over the course of the next 12 months. Among others, Legere believes T-Mobile will overtake Sprint to become the nation's third-largest network operator in the very near future. (He had previously predicted by the end of 2014.) Legere says fourth quarter earnings reports, expected at the end of January, will provide the necessary details to make that determination.
Cricket Wireless is hoping a $100 bill credit will convince customers of Cincinnati Bell, MetroPCS, Boost Mobile, Virgin Mobile, Sprint, and T-Mobile to hop on over to Cricket. New customers must switch from the aforementioned carriers, purchase a new device, and activate a new line of service on a qualifying rate plan in order to receive the credit. The credit will be applied at the end of the first billing cycle. Cricket's service plans cost $40-$60 per month, depending on options. Cricket offered a similar promotion over the summer months, but only targeted Sprint and T-Mobile. The current promotion runs through Dec. 31.
MetroPCS recently began selling the LG F60 handset through its web site. The F60 was announced last month. It features a 4.5-inch WVGA display and 1.2GHz quad-core Snapdragon processor with 1GB of RAM. The device has a 5-megapixel main camera with Gesture Shot and Touch & Shot, and a 1.3-megapixel user-facing camera. The device includes Bluetooth 4.0, Wi-Fi, GPS, and LTE, and relies on a 2,100mAh battery for power. The F60 runs Android 4.4.2 KitKat and includes LG's Knock Code. MetroPCS is selling it for $100 after a mail-in rebate. The full retail price is $160.
MetroPCS has added the Alcatel OneTouch Fierce 2 to its roster of Android smartphones. The device, which is already being sold by Metro parent T-Mobile, costs $50 after a $100 discount. MetroPCS doesn't require contracts.
T-Mobile today increased the number of markets in which it operates MetroPCS by 10. MetroPCS, which is T-Mobile's prepaid brand, will reach consumers in Chattanooga, Tenn.; Chicago, Ill.; Kansas City and St. Louis, Mo.; Milwaukee, Wisc.; Minneapolis-St.Paul, Minn.; Norfolk-Portsmouth-Newport News, and Richmond-Petersburg, Va.; Salt Lake City, Utah; and Yakima-Pasco-Richland-Kennewick, Wash., over the next few months. According to T-Mobile, MetroPCS is available from 11,000 points of sale across 55 metro areas. T-Mobile today also responded to recent moves by its competitors by increasing the data available to its prepaid customers. Beginning today, subscribers to MetroPCS' $40 plan will see their data limit bumped from 500MB to 1GB. Subscribers to the $50 plan will see their data increase from 2.5GB to 3GB. All customers will automatically be added to the new plans. T-Mobile doesn't charge overages, but does throttle back the speeds of those who surpass their monthly data allotment.
Cricket Wireless is borrowing a play from T-Mobile by offering a $100 credit to customers who switch from the UNcarrier or MetroPCS to AT&T-owned Cricket. The $100 bill credit offer is available from August 24 to October 19 at Cricket stores nationwide and online. According to Cricket, there is no limit on the number of lines a customer can switch to Cricket. Each line transferred from T-Mobile/MetroPCS is eligible for the $100 bill credit. Cricket's prepaid Basic, Smart, and Pro plans cost $40, $50, and $60, respectively, per month. Each plan offers a $5 monthly reduction when customers choose to use auto-pay.
T-Mobile and MetroPCS today announced the Kyocera Hydro Life, a new semi-rugged and waterproof Android smartphone. Like many of Kyocera's handsets, the Hydro Life is for customers who need a robust phone that can survive the trials and tribulations of an active lifestyle. It is certified to mil-spec 810G for protection against drops and shock, and IP57 for protection against dust and water damage (submersion in up to 3 feet of water for up to 30 minutes). The phone has an impact-resistant 4.5-inch qHD display that Kyocera says has a non-slip finish. The Hydro Life is powered by a 1.2GHz quad-core Snapdragon processor with 1.5GB of RAM and 8GB of internal storage. The phone includes a 5-megapixel main camera and a 2-megapixel selfie camera. The Hydro Life packs Kyocera's Smart Sonic receiver for improved phone call audio, as well as Kyocera's EcoMode and MaxiMZR tools for managing the 2,000mAh battery. The phone supports Wi-Fi and T-Mobile's Wi-Fi calling service, as well as Bluetooth 4.0, and T-Mobile's HSPA+ network. The Kyocera Hydro Life runs Android 4.3. It will be available to T-Mobile customers at Walmart stores beginning August 8 for $125. It will reach MetroPCS stores on August 29.
T-Mobile and MetroPCS today announced the pending availability of the Nokia Lumia 635. The device will see a gradual rollout that takes place over the course of several weeks. The Lumia 635 will first be available to T-Mobile's prepaid customers starting July 5 via the Home Shopping Network. T-Mobile's web site will then offer the 635 beginning July 9, followed by T-Mobile retail stores July 16. Finally, the Lumia 635 will reach MetroPCS' web site and select stores July 18. T-Mobile customers can purchase the Nokia Lumia 635 for $0 down followed by $7 per month for 24 months with a Simple Choice plan. MetroPCS customers can purchase the device for a promotional price of $99. The 635 is an entry-level Windows Phone handset that replaces last year's 521. It runs Windows Phone 8.1 and includes a 4.5-inch screen.
T-Mobile recently lowered the monthly prices of its prepaid GoSmart service. There are now three different GoSmart plans. The first offers unlimited voice and text for $25 per month. The second offers unlimited voice and text, and up to 500MB of 3G data for $35 per month. The third offers unlimited voice and text, and up to 3GB of 3G data for $40 per month. Users who exceed their monthly data allotment will be throttled for the remainder of the billing period. According to T-Mobile, GoSmart customers may supply their own device. However, 4G-equipped phones will only be able to browse GoSmart at 3G data speeds. GoSmart is T-Mobile's own prepaid brand. It is separate from MetroPCS, which T-Mobile also owns.
ZTE today announced the Concord II, an Android smartphone that will be sold by both T-Mobile and MetroPCS. The Concord II is a low-cost device that follows the 2012-era original. The Concord II runs Android 4.3 Jelly Bean and offers a 4-inch screen with 800 x 480 pixels, which is protected by Gorilla Glass II. The device is run by a 1.2GHz dual-core Qualcomm Snapdragon processor paired with 1GB of RAM and 4GB of internal storage. The Concord II supports microSD cards up to 32GB for additional storage. The phone has a 5-megapixel camera with LED flash that can capture 720p HD video. The Concord II has a removable 1,820mAh battery, and supports T-Mobile's HSPA+ network. It does not support LTE 4G. ZTE said the Concord II is available beginning today for $150 at T-Mobile stores. It will reach MetroPCS stores on May 19 and will cost $49.99 after a $50 rebate. Both T-Mobile and MetroPCS have smartphone plans that start at $40 per month.
MetroPCS, which is owned and operated by T-Mobile, has begun notifying customers in Las Vegas and New England that it will turn off MetroPCS's legacy CDMA network on July 1. A landing page on the company's web site recommends that MetroPCS customers in Las Vegas and New England go to a MetroPCS store to exchange their current handset for one that will work on T-Mobile's HSPA+/LTE networks instead. Metro warns that customers will need to make the exchange by June 30, as their existing hardware won't work beginning the first of July. T-Mobile is offering Metro customers discounts on its handsets, some of which are free. T-Mobile said earlier this year that it would switch off Metro's network in these markets by the end of the year, but hadn't provided a firm date. T-Mobile plans to refarm the Metro spectrum for its 4G services.
Samsung recently published details about the SGH-T199, a simple feature phone bound for T-Mobile. The T199 is a traditional candybar-style device with a small, 2-inch display and numerical keypad on the front. Other than basic calling, SMS/MMS, and browsing, the T199 offers few features, though it is capable of downloading apps through an on-board content store. The device has a 400MHz single-core processor, 128MB of RAM, 800mAh battery, and support for T-Mobile's HSPA network, but not LTE. It doesn't include a camera or expandable memory. The Samsung T199 has yet to appear on the web sites of T-Mobile and MetroPCS, so pricing and availability aren't available.
T-Mobile and MetroPCS today announced the availability of the LG L90 and L70 (pictured), devices that fall into LG's L Series III lineup. Both phones were revealed by LG earlier this year. The L90 and L70 run Android 4.4 KitKat with LG's user interface enhancements. The hardware puts LG's minimalistic design esthetic to use. Shared features include support for Bluetooth, GPS, and Wi-Fi.
- L90:The L90 is being sold by T-Mobile and supports the carrier's HSPA+ 4G network, but not LTE. It has a 4.7-inch qHD display, quad-core 1.2GHz processor with 1GB of RAM, 8GB of internal storage, 2,540mAh battery, and an 8-megapixel/1.3-megapixel camera configuration. It will be available beginning April 30 for $0 down with 24 equal monthly device payments of $9.50, or the full retail price of $228.
- L70: The L70 will be sold by MetroPCS. It steps the display down to 4.5 inches and 800 x 400 resolution, a dual-core 1.2GHz processor with 1GB of RAM, 4GB of internal storage, a 2,100mAh battery, and a 5-megapixel/VGA camera configuration. The L70 is available beginning today for $49 after a $100 instant rebate. For a limited time, MetroPCS will offer an additional $49 rebate to customers who pay for two months of service in advance. The L70 supports HSPA+, but not LTE.
MetroPCS announced the availability of the Samsung Galaxy S5, which is in stores and online beginning today. The GS5 costs $649 and can be paired with Metro's $40 no-contract plans.
AT&T, T-Mobile, and MetroPCS all indicated today that they will sell the Nokia Lumia 635 smartphone once it becomes available later this year. The phone features a 4.5-inch screen, quad-core Snapdragon 400 processor, 5-megapixel camera, LTE 4G, and Windows Phone 8.1
T-Mobile today said that its plan to migrate MetroPCS customers away from the MetroPCS network to T-Mobile's network is ahead of schedule. About 3.5 million customers, or 40% of its base, have already switched. As such, it plans to shutter MetroPCS's network in three markets by the end of the year. Those markets include Boston, Philadelphia, and Las Vegas. T-Mobile said it expects minimal disruption to customers in those cities, though it will ramp up efforts to swap customers to T-Mobile gear over the next few months. T-Mobile has already repurposed 25% of MetroPCS's spectrum.
MetroPCS today announced a change to its Mexico calling plan that permits customers to make calls when traveling inside Mexico. For $10 per month, the Mexico calling plans gives customers unlimited voice minutes to Mexican landlines, 1000 minutes to Mexican mobile phones, and unlimited text messages to Mexican devices from the U.S. Beginning today, the plan now also includes 200 voice minutes and 200 messages to be used when subscribers travel to Mexico. Customers can sign up online, in stores, or by calling MetroPCS.
Sprint is in the early stages of deciding whether or not to purchase smaller rival T-Mobile, according to The Wall Street Journal. Citing sources familiar with Sprint's plans, the Journal says Sprint is examining the possible regulatory roadblocks it might encounter were it to make such a bid. The idea is being pushed forward by Masayoshi Son, the CEO of SoftBank, which owns more than 80% of Sprint. SoftBank's Son has been vocal about expanding in the U.S. market. A combined Sprint/T-Mobile entity would still have fewer subscribers than larger rivals AT&T and Verizon Wireless, and it would further consolidate the industry. Federal regulators shot down AT&T's attempt to purchase T-Mobile two years ago. T-Mobile has since purchased MetroPCS. The Journal notes that T-Mobile doesn't want to waste any time treading water waiting for another deal to pass government muster. The government may not want just three large companies serving the country. Sprint's plans are not final and may be scrapped.
T-Mobile has begun to repurpose some of the spectrum it acquired with MetroPCS to supplement its LTE network. Late last month, T-Mobile turned on LTE service in what was formerly MetroPCS's spectrum in northern Dallas, according to AllThingsD. Combining its own spectrum with that of MetroPCS, T-Mobile is able to offer 20MHz-by-20MHz of bandwidth to customers in that area, which significantly improves capacity. T-Mobile said that it eventually plans to offer similar LTE bandwidth increases to 90% of the country's top 25 markets beginning next year. It also hopes to offer 10MHz-by-10MHz LTE to 40 of the top 50 markets by the end of 2014. Verizon Wireless is undertaking a similar task, using AWS spectrum it acquired from cable providers to supplement its 700MHz-based LTE network.
T-Mobile today announced that the Alcatel OneTouch Evolve and OneTouch Fierce will also be available under the MetroPCS brand. Both phones are already available for sale at T-Mobile stores. MetroPCS is selling the Evolve for $59.99 and the Fierce for $99.99. Both can be paired with no-contract monthly plans that start at $40.
MetroPCS today announced that the Samsung Galaxy Mega will be available online and in stores beginning November 25. The Galaxy Mega, which features a 6.3-inch display, and will run on T-Mobile's HSPA+/LTE networks. Service plans start as low as $40 per month. The full retail price of the Mega is $499. MetroPCS will offer existing customers a $100 rebate, dropping the final price to $399. New customers will be able to apply an additional $50 rebate to drop the final cost to $349. The rebates will only be available for a limited time. MetroPCS also indicated that its service is available in 15 more markets today, with the total reaching 45.
MetroPCS today announced the immediate availability of the Kyocera Hydro XTRM. The XTRM is a rugged, waterproof Android smartphone. It has a 1.2GHz dual-core processor, Kyocera's Smart Sonic Receiver technology, a 4.0-inch 800 x 480 impact-resistant touchscreen, and a 5.0-megapixel camera with LED flash. The device also supports LTE 4G. MetroPCS is selling the Hydro XTRM for $169. MetroPCS does not require contracts.
T-Mobile today announced that its MetroPCS prepaid brand will be available in 15 more markets beginning November 21, pushing the total to 45. Rather than operate on MetroPCS' actual network, new MetroPCS customers' devices operate on T-Mobile's GSM/HSPA+ network. T-Mobile says there are already 1.5 million such customers. Some of the new markets include Phoenix and Tucson, Ariz.; Denver, Colo.; Louisville, Ky.; Cincinnati, Ohio; and Pittsburgh, Pa. In addition to the new markets, T-Mobile said all 45 of the MetroPCS regions launched this year have access to its LTE 4G network. T-Mobile has been building out its LTE 4G network aggressively this year.
MetroPCS today announced that the LG Optimus F6 is available online and in stores across the country for $199. The F6 runs Android 4.1 and has a 4.5-inch screen, 5-megapixel camera, dual-core 1.2GHz processor, and HSPA+/LTE. MetroPCS doesn't require contracts and offers plans that start at $40 per month.
Verizon Communications and the Federal Communications Commission will face off in court beginning today over the FCC's net neutrality rules. The FCC proposed rules concerning how internet traffic should be handled. Verizon contends that the FCC does not have the authority to enact such regulatory measures and that it should have greater control over its own network. The FCC's rules, which went into effect in late 2011, say that most traffic (whether it be video, voice, or other) should be unmanaged except in rare cases wherein the network provider must do so to protect its network and assets. Other carriers, such as MetroPCS, originally opposed the FCC's rules, but most have dropped their official opposition, leaving Verizon to stand alone. In addition to the regulatory angle against the FCC, Verizon is also playing a First Amendment card. It suggests that "broadband providers possess editorial discretion" since they are responsible for transmitting the speech of others. Opening arguments for the case are slotting to commend today. The trial, being heard by the U.S. Court of Appeals for the District of Columbia Circuit, will likely take several weeks to unfold.
MetroPCS recently added the Huawei Valiant to its roster of Android smartphones. This bar-style device, which is available from the MetroPCS web site for $79 without a contract, features a 4.0-inch display with Gorilla Glass and a 1GHz dual-core Qualcomm processor. The Valiant also has a 3-megapixel camera that also captures video, Wi-Fi, Bluetooth, 2GB of internal memory, and support for microSD cards up to 32GB. The Huawei Valiant is powered by a 1750mAh battery and runs Android 4.1 Jelly Bean.
MetroPCS stores recently added the Huawei Pal to their lineup of simple feature phones. The Pal, also referred to as the U2800, is a bar-style phone that features a 1.8-inch screen with 160 x 128 pixels and a 900mAh battery. The Pal runs Brew and includes basic messaging and web apps.
Samsung today provided details about the SGH-T189N, called the Freeform M, for MetroPCS. The Freeform M is a QWERTY-equipped feature phone. It includes a 2.4-inch display with 240 x 320 pixels and a 2-megapixel camera with video capture. The Freeform M supports microSD cards up to 32GB and accepts some voice commands. The Freeform M runs on T-Mobile's GSM network, not MetroPCS's CDMA network. It does not include support for the T-Mobile / MetroPCS LTE 4G network. Other features include GPS, Bluetooth, Wi-Fi, and a 1,000mAh Litium Ion battery. The Freeform M is not yet for sale on the MetroPCS web site, so pricing and availability details remain unknown.
Both T-Mobile and MetoPCS have recently added the Alcatel 768 to their respective rosters. The 768 is an entry-level flip phone that runs on T-Mobile's GSM network. The 768 has a 2.4-inch main display with 240 by 320 pixels and a secondary display on the front that displays the time and other status indicators. The 768 features a 2-megapixel camera, FM radio, Bluetooth, GPS, and support for T-Mobile's HSPA+ network. The device does not require a downpayment with T-Mobile's equipment installment plan, but will add $3 per month to the service plan cost. MetroPCS is selling the Alcatel 768 outright for $49.
T-Mobile today expanded the reach of its MetroPCS brand by launching it in 15 new markets. The additional markets for MetroPCS largely overlay the existing footprint of rival Cricket Wireless, and include Birmingham, Ala.; Fresno and San Diego, Calif.; Tallahassee, Fla.; New Orleans, La.; Baltimore, Md.; Akron, Cleveland, Sandusky, and Toledo, Ohio; Memphis, Tenn.; Austin, Corpus Christi, Houston, Rio Grande Valley, and San Antonio, Texas; Seattle and Tacoma, Wash.; and Washington, D.C. Though T-Mobile will set up MetroPCS retail shops in these markets, the MetroPCS stores will actually be selling devices that run on T-Mobile's network, including the Nokia Lumia 521 for $99 and the LG Optimus F3 for $149. Customers in these markets may also bring their own, unlocked GSM handset to use on the Metro/T-Mobile network. Prepaid plans start at $40 per month for unlimited voice and messaging, and 500MB of data.
The Samsung Galaxy S4 will be available at some MetroPCS stores beginning today for $549 without a contract. The device operates on T-Mobile's network, even though it is being sold under the MetroPCS brand. That means it is compatible with T-Mobile's HSPA+/LTE networks. MetroPCS is launching the GS4 in a limited number of markets (Atlanta, Boston, Dallas-Ft. Worth, Hartford, Las Vegas, New York, Philadelphia, San Francisco) though it will see a broader launch in the coming weeks. MetroPCS does not require contracts and monthly service plans for the GS4 start at $40 per month.
MetroPCS today announced that it has initiated sales of HSPA+ based smartphones in its retail stores. Earlier this week, MetroPCS began accepting unlocked HSPA+ phones in several markets, including Boston, Hartford, Las Vegas, and Dallas, and today announced that it is selling the LG L9 and Samsung Galaxy Exhibit as the first two HSPA+ phones. The company is working to switch its CDMA-based customers over to GSM-based devices, which run on T-Mobile's network rather that MetroPCS' as it integrates the two. MetroPCS will begin selling an HSPA+ and LTE version of the Samsung Galaxy S III on June 17. The company did not say when it expects to broaden the availability of these first HSPA+ phones and the BYOD service beyond the first few markets.
MetroPCS today launched a new bring-your-own-device offering in several cities, with plans to expand the service later. MetroPCS is now allowing people with GSM-based Android smartphones and select versions of the Apple iPhone to bring their unlocked device into MetroPCS stores and sign up for MetroPCS service. Though the customers will be billed by MetroPCS, their device will actually run on T-Mobile's GSM-based network and not MetroPCS's CDMA-based network. The offering is first available in Boston, Dallas, Hartford, and Las Vegas. MetroPCS didn't say when the program might be expanded. T-Mobile USA acquired MetroPCS earlier this year and said it planned to transition new and existing MetroPCS customers from Metro's CDMA network to its own GSM network.
The Federal Communications Commission today indicated that T-Mobile USA has dropped a lawsuit filed against the FCC by the former MetroPCS. T-Mobile acquired MetroPCS earlier this month. The aim of the lawsuit was to scuttle the FCC's Open Internet rules. On his last day in office, FCC Chairman Julius Genachowski said, "The FCC's widely supported open Internet framework has contributed to healthy growth in innovation and investment across the U.S. broadband economy. Since 2010, our strong and balanced rules have been protecting entrepreneurs and consumers, and have increased certainty and predictability for investors in Internet services as well as networks. The ongoing litigation – now pursued by a single company – only serves to reduce that certainty and predictability. I applaud T-Mobile's decision to withdraw from this litigation." Verizon Wireless is now the only company actively pursuing litigation against the FCC and its rules.
T-Mobile plans to aggressively expand the reach of MetroPCS' network footprint by 100 million points of presence over the next six quarters. The network will expand to 15 major metropolitan areas quickly, though the markets and exact timing were not revealed. T-Mobile CFO Braxton Carter, speaking to investors, said that T-Mobile and MetroPCS have already finalized the integration of their back-office systems. T-Mobile will be pushing HSPA+ and LTE devices to MetroPCS stores within weeks. These devices will be sold under Metro's brand, but will operate on T-Mobile's network. Carter said that T-Mobile beat its mid-year goal of covering 170 million POPs with HSPA+ in its 1900MHz spectrum, and will easily hit 200 million by the end of the year. Braxton also indicated that T-Mobile will cover 100 million POPs with LTE by mid-year, and 200 million by year's end.
T-Mobile USA today announced that it has closed its merger with MetroPCS. Moving forward, the company will be known as T-Mobile US, Inc., and the combined entity will begin trading under the New York Stock Exchange today. The company will remain headquartered in Bellevue, Wash., but will maintain significant operations in Richardson, Texas, which is MetroPCS's home base. The new company will be run by John Legere, who will serve as President and CEO. J. Braxton Carter, from MetroPCS, will take over duties as the CFO. T-Mobile will continue to operate both brands separately, but T-Mobile will slowly begin to move new MetoPCS customers to handsets that operate on T-Mobile's network. T-Mobile US, Inc. claims to have 43 million subscribers. It now covers 301 million POPs with its combined network, of which it says 228 million have access to 4G (in this case, HSPA+). T-Mobile expects to cover 200 million POPs with LTE by the end of the year. The combined companies' spectrum will give it 20+20MHz channels of 4G LTE in approximately 90% of the top 25 metro regions around the country. "The combination of T-Mobile and MetroPCS creates an even stronger disruptive force in the U.S. wireless market," said John Legere. "Together, as America's Un-carrier, we'll continue our legacy of marketplace innovation by tearing up the old playbook and rewriting the rules of wireless to benefit consumers."
MetroPCS shareholders today have voted in favor of merging with T-Mobile USA, reports Bloomberg. Deutsche Telekom (T-Mobile's parent company) improved the terms of the deal for MetroPCS earlier this month, and MetroPCS' board has already approved it. The deal also has full U.S. regulatory approval. Now that the shareholders have voted in favor of the deal, T-Mobile USA and MetroPCS can finalize their merger. Deutsche Telekom said it expects the deal to close by May 1. "This is a major step for Deutsche Telekom," said Rene Obermann, CEO of Deutsche Telekom. "The merger with MetroPCS is extremely important, since it enables us to be more aggressive in the USA."
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.
MetroPCS responded to Deutsche Telekom's improved merger offer Wednesday by delaying the key shareholder vote originally scheduled for April 12. MetroPCS delayed the vote until April 24 to give its shareholders time to consider the improved deal. Deutsche Telekom reduced the amount of debt that will be owed by the merged MetroPCS/T-Mobile entity to DT by $3.8 billion, and also lowered the interest rate on the loan. DT said this was its "best and final offer." The offer was improved due to resistance among MetroPCS shareholders over the original terms of the deal. The deal has already earned regulatory approval.