Tuesday, November 6, 2012
Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger
4:40 AM | 
Posted by
ProJ |
Apparently, the "important issues" that were on the way to the future of T-Mobile and MetroPCS could not have been too expensive. Just a day after acknowledging that negotiations were underway both boards have approved the transaction under
Wall Street Journal
. The details of the agreement have not been officially announced yet, but
Financial Times Deutschland
reported that the two companies will be combined into a single unit in which Deutsche Telekom will 74 percent of the shares. MetroPCS will hold a 26 percent interest in the company and receive a check for $ 1.5 billion to their problems. It is hoped that this will put a stop to a recent agreement struck Crown Castle T-Mobile for the rental of mobile towers for $ 2.4 billion. The new airline maintain the largest brand T-Mobile with new CEO John Legere at the top, however, it seems that the transaction is structured as a reverse merger. This means that MetroPCS is essentially supported and vice versa and not T-Mobile.
Despite their combined subscriber base, the new T-Mobile Sprint will remain in the battle for AT & T and Verizon scraps. Eventually, however, Deutsche Telekom will be graceful exit from the U.S. market as its been so desperately searching for some time. This merger with a much smaller competitor is unlikely to raise the ire of regulators and allow the German company to reduce its participation and investment in a slow and controlled through the sale of shares. We are still waiting for the official announcements of both companies and will be updated statements roll in. 
Filed under: cell phones, wireless, mobile, T-Mobile Find best price for : --Sprint----Telekom----Deutsche----MetroPCS--
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