Wednesday, February 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Music On Sonos Now Available
SUNY Poly and GLOBALFOUNDRIES Announce $500M Research ProgramTo Accelerate Chip Technology
Intel To Focus On Energy Comsumption On Future Chips
Micron Outlines GDDR5X Plans
Sony’s New Laser Projectors Deliver Quality And with Quiet Operation
The Pirate Bay Has Started Streaming Content
Samsung to Showcase Display Technologies at ISE 2016
Intel To Remove Overclocking Loophole In Skylake Processors
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > Mobiles > T-Mobil...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 03, 2012
T-Mobile USA To merge With MetroPCS


Deutsche Telekom, the parent company of T-Mobile USA, says it is merging its cell phone business with MetroPCS Communications.

This transaction is expcted to create a value carrier in the U.S. wireless marketplace, which will deliver a wider selection of affordable products and services, deeper network coverage and a clear-cut technology path to one common LTE network. Deutsche Telekom said that the combined company, which will retain the T-Mobile name, will have the expanded scale, spectrum and financial resources to aggressively compete with the other national U.S. wireless carriers.

Deutsche Telekom AG will hold 74 percent of the new business. MetroPCS's shareholders will have the remaining stake and receive a payment of about $1.5 billion.

"We are extremely pleased to announce this transaction with MetroPCS, which enhances Deutsche Telekom's position in the expanding U.S. wireless market," said Rene Obermann, Chief Executive Officer of Deutsche Telekom. "The T-Mobile and MetroPCS brands are a great strategic fit - both operationally and culturally. The new company will be the value leader in wireless with the scale, spectrum and financial and other resources to expand its geographic coverage, broaden choice among all types of customers and continue to innovate, especially around the next-generation LTE network. We are committed to creating a sustainable and financially viable national challenger in the U.S., and we believe this combination helps us deliver on that commitment."

The company will operate T-Mobile and MetroPCS as separate customer units. After closing, the company's headquarters will be in Bellevue, Washington and it will retain a significant presence in Dallas, Texas.

Dallas-based MetroPCS has 9.3 million subscribers but the transaction still leaves T-Mobile USA with 33.2 million subscribers - trailing the market's No. 3, Sprint Nextel Corp.


Previous
Next
Samsung Demands Retrial Against Apple        All News        4G Network Coming In U.K. Next Spring
Samsung Demands Retrial Against Apple     Mobiles News      4G Network Coming In U.K. Next Spring

Get RSS feed Easy Print E-Mail this Message

Related News
T-Mobile CEO Says Binge On is About Customer Choices - Not Limitations
EFF Slams T-Mobile Over Video Throttling
T-Mobile Will Let You Stream Netflix Without Using Up Your Data
T-Mobile Offers You A Personalized 4G LTE Tower
T-Mobile Customers Exposed in Experian Breach
Get An iPhone 6s for $5 Under T-Mobile's Trade-in Plan
T-Mobile to Pay $17.5 Million to Resolve 911 Outage Investigation
T-Mobile 'JUMP! On Demand' Plan Lets You Chnage Your Phones three Times A Year
Dish To Merge With T-Mobile: report
T-Mobile And Blackberry Make Peace, BlackBerry Classic Now Available
T-Mobile Allows Verizon Clients To Test Its Network
T-Mobile Unleashes Simple Plans For Businesses, Consumers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .