deutsche telekom

MetroPCS shareholders sue over T-Mobile merger

With the news of the T-Mobile USA and MetroPCS merger just settling, company shareholders have filed a lawsuit trying to block the deal.

According to the TMONews, MetroPCS shareholders are calling the deal "drastically undervalued" and claiming that MetroPCS' board is "conflicted and serving its own financial interests." The lawsuit was filed in Dallas, Texas against MetroPCS, T-Mobile USA, its German parent company Deutsche Telekom, and MetroPCS' CEO and board of directors.

"The process leading to the proposed acquisition was tainted by conflicts, tilted towards T-Mobile and driven entirely by the board and company management, … Read more

Sprint in no hurry to raise stakes for MetroPCS merger

Sprint appears to be taking a wait-and-see approach on a possible acquisition bid for MetroPCS.

The No. 3 wireless carrier is delaying a counteroffer in an effort to examine Deutsche Telekom's plan to merge the prepaid carrier with T-Mobile, sources tell Bloomberg. The company is reportedly holding its counteroffer for a chance to see Deutsche Telekom's proxy filing to examine details of the German communications giant's negotiations.

CNET has contacted Sprint for comment and will update this report when we learn more.

Deutsche Telekom, which owns T-Mobile, announced a plan last week to buy MetroPCS and combine it with T-Mobile. … Read more

T-Mobile CEO: MetroPCS deal is no Sprint-Nextel repeat

The planned merger between nationwide carrier T-Mobile USA and prepaid provider MetroPCS is not a repeat of the failed merger between Sprint and Nextel back in 2005, T-Mobile CEO John Legere said during a conference call with the press today.

This deal, he said, is about gaining more spectrum in an effort to challenge bigger competitors like AT&T and Verizon Wireless.

"This is not a Sprint/Nextel do-over," Legere said. "This deal is not about simply surviving. It's about driving growth. When we add MetroPCS to the aggressive challenger strategy (of T-Mobile) it will … Read more

T-Mobile, MetroPCS look to eat Sprint's prepaid lunch

A combining of T-Mobile USA and MetroPCS could make for a potent player in the rough-and-tumble prepaid business.

T-Mobile has over the past few years expanded its no-contract options for consumers, giving it a badly needed source of customer growth. MetroPCS, meanwhile, has long been an aggressive -- albeit small -- provider of prepaid services with experience in running a low-cost business.

Together, the companies could present a challenge to Sprint Nextel, long the biggest champion of no-contract services with multiple prepaid brands under its umbrella. T-Mobile and MetroPCS today touted the establishment of the "leading value-focused wireless carrier&… Read more

Wireless shakeup: T-Mobile to merge with MetroPCS

Deutsche Telekom, parent company to T-Mobile USA, said Wednesday it has struck a merger deal with prepaid regional carrier MetroPCS.

According to the agreement, MetroPCS shareholders will get $1.5 billion in cash and a 26 percent stake in the combined company. Deutsche Telekom will own the remaining 74 percent of the company.

The deal requires regulatory approval from the Federal Communications Commission and U.S. Department of Justice. The deal is expected to close in the first half of 2013.

"We are extremely pleased to announce this transaction with MetroPCS, which enhances Deutsche Telekom's position in the … Read more

T-Mobile parent in talks for deal with MetroPCS

T-Mobile USA's parent, Deutsche Telekom AG, and MetroPCS confirmed today that they are in talks to combine operations.

Both companies sent out statements confirming recent speculation that a potential deal was brewing. Here are their respective comments:

Deutsche Telekom:

Deutsche Telekom is holding talks with the listed company MetroPCS with the aim of operating its subsidiary T-Mobile USA and MetroPCS within one company in which Deutsche Telekom would hold the majority of shares.

The talks are at a stage where significant issues have not yet been finalized, contracts have not yet been signed and the conclusion of the transaction … Read more

MasterCard, Deutsche Telekom team up on mobile payments

Financial services giant MasterCard and mobile carrier Deutsche Telekom announced this morning that they would partner to accelerate adoption of mobile payments, which allow consumers to use their mobile phones to pay for goods and services.

MasterCard sees business opportunity in Deutsche Telekom's 93 million mobile customers in Europe.

The companies plan to begin in Poland and Germany, Deutsche Telekom's home country. The effort will begin with mobile phone tags and cards, with a "mobile wallet" service to follow. (The mobile wallet will be open to MasterCard's partners, such as banks and other financial institutions.)… Read more

T-Mobile USA CEO resigns

T-Mobile USA CEO Philipp Humm has resigned and will return to Europe where his family lives, according to a press release from the company.

GeekWire reported that a leaked internal memo reveals Humm is leaving to work for a competitor. CNET's messages to Deutsche Telekom, the company that owns T-Mobile, have not been returned, but ZDNET reported a confirmation from Deutsche Telekom that Humm will indeed be joining a rival company.

Deutsche Telekom's Rene Obermann penned the memo, indicating that he has already spoken to a number of candidates. According to the company's press release, T-Mobile COO … Read more

T-Mobile parent DT says another sale unlikely

Deutsche Telekom isn't keen on repeating last year's failed attempt to wed its T-Mobile USA unit to AT&T, or any other carrier, for that matter.

A complete sale of T-Mobile is unlikely as Deutsche Telekom focuses on turning the business around and ensuring it is a self-funding venture, Deutsche Telekom CEO Rene Obermann told shareholders today, according to a Bloomberg report.

T-Mobile has spent the last few months getting back into the wireless game in a real, aggressive way, launching ads that specifically target its competitors, including former suitor AT&T, and laying out plans … Read more