Sunday, January 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Postpones Earnings Announcement
January Windows 10 Build Released Through The Windows Insider Program
Flexible Computers Are Stil Away From Reality
China Denies Microsoft Outlook Hacking Allegations
A Look at Microsoft's New Spartan Browser
JOLED Joint Venture Company Established
Samsung Engineers Develop Wearable Sensor for Stroke Detection
Skype To Be Part Of Windows 10
Active Discussions
HELP!!!
full screen wide screen
UDF errors
Hi
The Simplest Way to Download KODAK HERO 7.1 Driver
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
 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 to Pay $90 Million To Settle Case With FCC
T-Mobile Lets You Roll Forward Your Unused Data
T-Mobile To Disclose More Information Related To Consumers Using Mobile Speed Tests
T-Mobile Un-leashes Wi-Fi Worldwide With New Program
Verizon Sprint And T-Mobile Announce new iPhone Plans
French Carrier Iliad To Bid For T-Mobile
FTC Accuses T-Mobile For Bogus Charges
T-Mobile Offers Network Test Drive, Free Music Streaming
Sprint Closer to T-Mobile Acquisition
Sprint Said to Plan T-Mobile Bid
T-Mobile Abolishes Consumer Overages
Blackberry Ends T-Mobile Licensing Agreement

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .