Some surprising things have happened surrounding Sprint over the past few days. According to comments made by Softbank CEO Masayoshi Son in an interview with the Wall Street Journal, we may not have seen the last of them either.
MetroPCS to start selling prepaid Samsung Galaxy S3 on October 22 for $499
We’ve known ever since last month that MetroPCS was planning to join the Samsung Galaxy S3 fun starting “in October”, but the exact release date and pricing were kept under wraps. Now all that’s been revealed, so whoever was waiting to get its hands on a prepaid version of everybody’s favorite super-phone should have his or hers financial ducks in a row come Monday.
T-Mobile, MetroPCS merger could be delayed by lawsuit
Last year Deutsche Telecom attempted to unload T-Mobile in a merger with AT&T, only to see that fall through. Now it seems that the T-Mobile and MetroPCS reverse merger might be in danger as well. A new lawsuit has been filed against MetroPCS, T-Mobile, the MetroPCS board, and Deutsche Telekom. Who is behind the lawsuit? Apparently MetroPCS shareholders that feel the deal isn't in their best interest.
T-Mobile/MetroPCS merger more and more likely, could close in Q2 2013
Softbank has been eyeing the U.S. market for some time now, reports Reuters, and sources say the telecoms company is in talks with three banks in Japan to finance its acquisition bid. Sources close to the matter say Softbank plans to borrow 1.8 trillion yen (US$ 23 billion) in order to fund its acquisition.
Sprint to delay bidding for MetroPCS for strategic purposes
After showing a great interest for MetroPCS , Sprint reportedly will hold off making any counterbid offer until more details of the T-Mobile agreement surface. Seeing that the proxy filing made by T-Mobile would be out in a month or two, Sprint may want to use such information to its advantage before approaching MetroPCS.
Bloomberg: T-Mobile value might have dropped $13 billion after failed AT&T sale
Despite being seen as part of the US carriers “Big Four” by everyone, T-Mobile hasn’t exactly had the most prodigious and quiet year. First, there’s been talk about a merger with AT&T, which should have resulted in one wireless service giant almost impossible to compete against.
Watch out, T-Mobile! Sprint also eyeing MetroPCS deal.
After a very short time talking, Deutsche Telekom and MetroPCS have made a deal. Deutsche Telekom will pay MetroPCS $1.5 billion dollars and the 6th biggest cell carrier will merge with T-Mobile. For now, the companies plan to remain separate entities and manage their different user bases under their current names. The deal is expected to be finalized in early 2013.