Sprint Nextel considering bid for MetroPCS - report

News Wireless United States 7 OKT 2012
Sprint Nextel considering bid for MetroPCS - report
US mobile carrier Sprint Nextel is considering whether to renew its interest in MetroPCS Communications after the latter agreed a merger deal with Deutsche Telekom unit T-Mobile USA, reports the Wall Street Journal. People familiar with the matter said that Sprint board members would hold a special meeting by phone on 05 October. Sprint almost secured a deal to acquire MetroPCS in February, but the deal was blocked by the Sprint board.

Categories:

Mobile

Companies:

MetroPCS,  Nextel,  T-Mobile USA,  Deutsche Telekom

Countries:

United States

Tags:

Voice services, Data services, Messaging, Company, Services, Corporate, M&A buyouts & divestments

Related Articles

UNITED STATES 20 NOV 2012

DoJ examines MetroPCS, T-Mobile USA merger deal

MetroPCS Communications has received a request for additional information from the US Department of Justice (DOJ) concerning its merger agreement with T-Mobile USA, signed with Deutsche Telekom. The DoJ agreement has to do with US anti-trust laws. MetroPCS said it intends to fully cooperate with the DOJ in order for the transaction to gain approval as soon as possible. The company remains confident that the DOJ will find the deal both pro-competitive and pro-consumer. The merger is still subject to MetroPC

UNITED STATES 31 OKT 2012

MetroPCS deploys RCS on LTE network

MetroPCS Communications has announced the commercial launch of Rich Communication Service (RCS) on its LTE network. MetroPCS will offer its RCS services under the GSMA-licensed joyn brand, Based on the GSMA RCS 5.0 standard, joyn by MetroPCS will deliver a unified and intuitive way to use services like integrated instant messaging or chat, Wi-Fi and video calling and simplified content sharing. MetroPCS will support the following RCS services at launch for customers with LTE joyn-enabled smartphones: contac

UNITED STATES 31 OKT 2012

MetroPCS service revenue falls 1% in Q3

MetroPCS has reported service revenues for the third quarter down 1 percent year-over-year to USD 1.1 billion. The mobile operator lost over 312,000 customers in the quarter to end September with just under 9.0 million subscribers total. Of the total, around 1 million used the company's LTE network. Adjusted EBITDA for the third quarter increased to USD 466 million from USD 326 million a year earlier, and income from operations rose 65 percent to USD 292 million, driven by a reduction in sales and equipment

UNITED STATES 22 OKT 2012

Obermann to hand over US management to Hoettges - report

Deutsche Telekom CEO Rene Obermann will give up responsibility for the US business to CFO Thomas Hoettges, German newspaper 'Handelsblatt' has learned from unnamed company sources. This means that responsibility for the development of T-Mobile USA will in future rest with Hoettges. The sources added that the changes must be approved by the Supervisory Board, but stressed that was only a formality. The move will make Hoettges responsible for completing the proposed merger between T-Mobile USA and Metro PCS.

UNITED STATES 19 OKT 2012

MetroPCS to launch Samsung Galaxy S III

MetroPCS Communications will start selling the Samsung Galaxy S III in select stores from this weekend and will commercially launch the Android smartphone on its network on 22 October. The Galaxy S III runs on Android and features a 1.5 GHz dual-core processor, 2GB of RAM memory, a 4.8-inch 720p HD Super AMOLED screen, 8MP rear-facing and 1.9MP front-facing cameras with features such as Burst Shot, Best Shot and Share Shot, S Beam content and information, enhanced gesture controls, Pop Up Play and near fiel

UNITED STATES 18 OKT 2012

T-Mobile USA looks to overtake Sprint in US mobile market

T-Mobile USA John Legere is targeting third place in the US mobile market. In an interview with 'manager-magazin', Legere said that he was very optimistic that the company, which has just announced a merger with MetroPCS Communications, can overtake Sprint Nextel in the medium term to become the 3rd largest mobile network in the US. Legere said that he was not concerned about a possible rival bid for MetroPCS, insisting that T-Mobile USA's offer was very attractive for shareholders. He expects the transacti

UNITED STATES 12 OKT 2012

Deutsche Telekom CFO defends T-Mobile USA, MetroPCS tie-up

Deutsche Telekom CFO Tim Hoettges has defended the proposed merger of T-Mobile USA and MetroPCS. He said the deal would give T-Mobile USA more than 9 million additional customers and valuable spectrum, as well as allowing T-Mobile to offer a better quality of network in many urban areas. He said the merger would bring massive cost synergies, adding that these would have a cash value of USD 6 billion-USD 7 billion if they were valued as if they were already in force, and this is excluding revenue synergies.

UNITED STATES 10 OKT 2012

Sprint to offer suite of new mobile devices

Sprint has announced plans to offer the Samsung Galaxy Tab 2 10.1, LG Optimus G, LG Mach and Sprint Plug-in-Connect Tri-mode USB in the autumn. The Galaxy Tab 2 10.1 runs on Android 4.0 Ice Cream Sandwich and features a 10.1-inch touchscreen display, a 1.5GHz dual-core processor, a rear-facing 3 megapixel camera with LED flash and video capture, a front facing VGA camera for Face Unlock and video chat, on-device encryption and VPN access, a 7,000 mAh battery and the ability to support up to ten Wi-Fi enable

UNITED STATES 8 OKT 2012

Sprint announces StarStar Me service for mobile numbers

Sprint has announced a new service called StarStar Me, which lets customers use a name they choose in place of their mobile telephone number. StarStar Me allows customers to choose a name, nickname or unique word, enabling others to call them on their mobile phone by tapping the star key twice on the phone's keypad followed by the name, nickname or unique word using keypad letters or characters. StarStar Me also enables users to respond to calls automatically with a custom text message when they are busy an

UNITED STATES 4 OKT 2012

T-Mobile USA fuseert met MetroPCS maar blijft nummer 4 in de VS

T-Mobile USA en MetroPCS fuseren en nemen de naam T-Mobile aan. Deutsche Telekom zal 74 procent houden, de aandeelhouders van MetroPCS 26 procent en de beursnotering van MetroPCS blijft bestaan. De aandeelhouders van MetroPCS krijgen 1,5 miljard US dollar uitgekeerd. Momenteel zijn zij de nummers 4 en 6 op de Amerikaanse mobiele markt. Als de deal wordt goedgekeurd (men verwacht eerste helft 2013), dan zijn ze nummer 4, achter AT&T, Verizon en Sprint. Samen hebben de partijen 42,5 miljoen abonnees, goed voo

UNITED STATES 4 OKT 2012

American Tower gives update about T-mobile-MetroPCS merger

US mobile tower operator American Tower has released information about its business in light of T-Mobile USA's contemplated combination with MetroPCS, which is subject to regulatory approval. For the quarter ended 30 June, T-Mobile and MetroPCS accounted for approximately 7 percent and 2 percent respectively of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with T-Mobile and MetroPCS on the same site at approximately 1,000 communications site

UNITED STATES 3 OKT 2012

CWA voices concerns about T-Mobile USA, MetroPCS merger

The Communications Workers of America (CWA) has expressed concern that the potential merger of T-Mobile USA and MetroPCS will result in additional job losses. Although discussions are ongoing, it seems Deutsche Telekom is looking to use the proposed deal to monetise T-Mobile USA and potentially sell assets over time. Since the collapse of the AT&T merger with T-Mobile, the T-Mobile USA workforce has experienced continued job losses and decline, the company has closed seven call centres cutting 3,300 employe

UNITED STATES 3 OKT 2012

Crown Castle announces contract terms with T-Mobile USA

Crown Castle has announced certain contractual terms in the light of T-Mobile USA's proposed merger with MetroPCS Communications. After giving effect to the recently announced transactions between Crown Castle and T-Mobile, as of 30 June, T-Mobile and MetroPCS represented approximately 17 percent and 5 percent respectively of Crown Castle's consolidated site rental revenues. In addition, there are approximately 1,400 Crown Castle towers, pro forma for the T-Mobile Transaction, on which both carriers current

UNITED STATES 3 OKT 2012

MetroPCS, T-Mobile USA sign definitive merger agreement

Deutsche Telekom and MetroPCS Communications have signed a definitive agreement to merge T-Mobile USA and MetroPCS. The combined company will retain the T-Mobile name, with the transaction approved by Deutsche Telekom's supervisory board and MetroPCS' board of directors. The deal is structured as a recapitalisation, in which MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of USD 1.5 billion to its shareholders (around USD 4.09 per share prior to the reverse stock split) and acquire

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.