Saturday, October 01, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
California Proposes Law That Would Require No Human Presence In Self-driving Cars
Shuttle Releases New Palm-sized and 4K Ultra Slim PC-NC02U Series
Nintendo NES Classic Edition Launches In November, NX Could be Announced Earlier
Foxconn's Sharp to Invest $570 Million on Flexible OLED Panel Production
Google Apps for Work Become Smarter, Part Of New G Suite
Amazon Offers $2.5 Million to Advance Conversational Artificial Intelligence
Raspberry Pi Upgraded With A Visual Overhaul Called Pixel
E FUN Nextbook Ares 11 2-in-1 Android Tablet Costs Just $179
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
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Offers Free Pokemon Data
T-Mobile Halts Free Pizza Offers Due To Overwhelming Demand
T-Mobile To Give Its Customers Company Shares, Launches T-Mobile Tuesdays Gift App
T-Mobile Earns More Customers
T-Mobile 'Binge On Up' Hands-free Device Offers You Everything
T-Mobile To Offer Youtube Streaming Without Data Limits
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

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 .