metropcs

Dish Network tried to buy MetroPCS before T-Mobile

Dish Network tried to buy MetroPCS before T-Mobile

The Wall Street Journal reports that satellite TV giant Dish Network tried to purchase MetroPCS before T-Mobile stepped up and bought the prepaid cellular carrier. Dish Network reportedly offered $4 billion in August report people familiar with the deal. The four billion dollar offer valued MetroPCS at $11 per share.

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SlashGear Evening Wrap-Up: October 30, 2012

SlashGear Evening Wrap-Up: October 30, 2012

Welcome to Tuesday evening everyone. We had so many big posts today that it's hard to know where to start. Kicking things off, we're live at Microsoft Build 2012, bringing you the latest on Windows 8, Surface, and Windows Phone 8. We also went hands-on with the Samsung Nexus 10 and the LG Nexus 4 today, so be sure to check those out if you're thinking about picking up either (or both!) when they launch next month. Today we found out that Disney is buying out LucasFilm and that Star Wars Episode VII is in the works - both of those were major announcements for the millions of Star Wars fans out there.

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MetroPCS shareholders sue to block T-Mobile merger

MetroPCS shareholders sue to block T-Mobile merger

MetrosPCS shareholders have filed a lawsuit to block a merger with T-Mobile USA, claiming that the MetroPCS board is “serving its own financial interests.” The lawsuit is against T-Mobile and its parent company Deutsche Telekom in addition to MetroPCS' board of directors and CEO. According to the current deal in place, the shareholders will receive $1.5 billion cash and a 26% stake in the company, with the German Deutsche Telekom holding the other 74%.

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T-Mobile, MetroPCS merger may not close until Q2 2013

T-Mobile, MetroPCS merger may not close until Q2 2013

After a bunch of rumors, last week the merger between T-Mobile and MetroPCS became official. At the time, T-Mobile executives were saying that the merger would close sometime in the first half of 2013, and today, T-Mobile's parent company Deutsche Telekom is getting a little more specific about that window. In an interview with German newspaper Boersenzeitung (as reported by Reuters), Deutsche Telekom CFO Timotheus Hoettges said that money probably won't change hands until the second quarter of next year.

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SlashGear Evening Wrap-Up: October 5, 2012

SlashGear Evening Wrap-Up: October 5, 2012

We've arrived at another Friday evening, which means that the weekend lies ahead. Today, as many of you probably already know, was the one-year anniversary of the passing of Steve Jobs. Apple paid tribute to Jobs in a new video released today, and it was announced that three modified MacBook Pros will be auctioned off in memory of Jobs. On the lighter side of things, Lenovo is celebrating the 20th anniversary of the ThinkPad with a look back through time, and Samsung's profits for Q3 2013 managed to break company records (not an easy thing to do, considering how popular Samsung is).

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T-Mobile MetroPCS deal faces Sprint counter-offer threat

T-Mobile MetroPCS deal faces Sprint counter-offer threat

MetroPCS could be the target of a bidding war, with wireless industry whispers that Deutsche Telekom's bid to merge the carrier with T-Mobile USA may face a challenge from another US network. Although the agreement with Deutsche Telekom has already been announced as in incipient merger, a trio of sources speaking to Bloomberg claim ailing rival Sprint is weighing a counter-bid that could be submitted as early as next week.

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SlashGear Evening Wrap-Up: October 3, 2012

SlashGear Evening Wrap-Up: October 3, 2012

Welcome to Wednesday evening, everyone. Today, T-Mobile and MetroPCS announced that their rumored merger was indeed real, and not long after, T-Mobile CEO John Legere released a new video explaining the deal. We heard more about the iPad Mini today, with the Wall Street Journal claiming that it's already in production and comes with a 7.85-inch screen, while accessory maker Cygnett released cases for the iPad Mini a little bit early. Speaking of iPad, we found out today that Apple ships a whopping 188,000 iPads per day, which is just plain absurd.

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T-Mobile CEO speaks on MetroPCS merger as “a deal to thrive”

T-Mobile CEO speaks on MetroPCS merger as “a deal to thrive”

Earlier today T-Mobile and MetroPCS announced that they'd reached a deal that would lead to them merging together to create a brand new publicly traded company, and this afternoon, T-Mobile's CEO John Legere has released a video explaining the deal. What he lets the public know - and perhaps more importantly here the employees of both companies and the investors and boards of both companies know - is that this is an entirely positive move. Perhaps the most important sentence in the entire presentation reads: "This isn't a deal to survive - it's to thrive."

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