Posts Tagged merger

MetroPCS hits the 1 million LTE customer mark, makes $193 million profit in third quarter

In news that I’m sure will be pleasing to T-Mobile, MetroPCS has hit the one million mark in subscribed LTE customers (about 11% of its customers) and have also turned a profit of $193 million, even though they lost over 300,000 customers in the third quarter. How does one manage to turn such a profit while losing so many customers? MetroPCS credits “cash-saving exercises”, timely investments, and reducing a top priority of cell companies – churn. I’m sure a lot of MetroPCS and T-Mobile customers alike are wondering what the merger has in store for them. Hopefully it’ll end up benefitting the customer in some form or fashion.

source:  MetroPCS


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T-Mobile and MetroPCS merger expected to close in Q2 2013

Android Central

Now that Sprint is all but out of the picture when it comes to breaking up the reverse merger of T-Mobile by MetroPCS, the CFO of Deutsche Telekom (T-Mobile USA's parent company) is talking about the expected completion of the deal. When the merger was first agreed upon by the two companies, the deal was expected to close sometime just after the first of the year. Now CFO of DT Timotheus Hoettges is indicating that we should expect the deal to be finished by June 2013.

This deal couldn't come any sooner for T-Mobile USA and Deutche Telekom alike, both of which would like to have better options in the U.S. wireless market. T-Mobile USA has been coming up short in the U.S. behind Verizon and AT&T, and could use the additional subscribers and spectrum from MetroPCS to improve their position. Deutsche Telekom likes the liquidity that a new publicly traded company provides, allowing them to leave the U.S. market easily if they see fit.

Source: Reuters

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Sprint Will Hold Off Counter Offer on MetroPCS, For Now

Sprint was none too happy when they got the news that T-Mobile and MetroPCS had gotten together and planned a deal for a potential merger. After rumors that the Now Network was planning a counter-offer to MetroPCS, news today suggests that they might hold off on that offer without knowing what T-Mobile has up their [...]

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Deutsche Telekom approves T-Mobile and MetroPCS merger

It was confirmed yesterday that MetroPCS and T-Mobile were in talks of a merger, now the deal has been approved. MetroPCS and their 9.3 million subscribers will be under the T-Mobile umbrella, headed by T-Mobile’s CEO John Legere. T-Mobile and MetroPCS have fewer subscribers than Verizon, AT&T, and Sprint, but this deal will bring them to over 35 million customers. This isn’t the first time T-Mobile has tried a merger, but this deal seems more likely to go through, giving T-Mobile more subscribers and network coverage. Deutsche Telekom will have a large stake in the new company which may or may not diminish over time. Expect for this deal to be finalized early next year.

Source: The Verge


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T-Mobile officially announces MetroPCS merger, provides more details

T-Mobile has posted a news release officially confirming the completion of a deal that will merge the carrier’s operations with those of MetroPCS. The two providers will combine to host some 42.5 million subscribers on an “expanded scale” with the benefit of additional spectrum and financial resources, all while retaining the T-Mobile banner.

As reported earlier, T-Mobile will hold a 74 percent stake in the reorganized company, and will provide a $1.5 billion payment for MetroPCS shareholders. Estimates from the company project for $24.8 billion in revenue and $6.3 billion in earnings before interest, taxes, depreciation, and amortization.

[via T-Mobile]


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MetroPCS issues a statement confirming current talks of a T-Mobile USA merger

This was definitely news that I was surprised waking up to. It appears that T-Mobile USA and MetroPCS are in heavy talks in a merger where T-Mobile will absorb MetroPCS in hopes to compete against Sprint’s #3 spot among US providers. What’s even more surprising is that both T-Mobile and MetroPCS are confirming such talks! MetroPCS has released an official statement regarding the merger:

MetroPCS today confirmed that it is in discussions with Deutsche Telekom regarding an agreement to combine T-Mobile USA and MetroPCS.  There can be no assurances that any transaction will result from these discussions, and the Company does not intend to comment further unless and until an agreement is reached.

It seems that talks are indeed going on, but no deal has yet been finalized. Sometimes it’s great when companies are straight forward right? Once this deal comes into fruition, we’ll be sure to let you all know!

source: MetroPCS


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Three’s 1800MHz spectrum buy could let it roll out early 4G services too

Android Central

Three UK could join Everything Everywhere in launching 4G LTE services earlier than expected, following its purchase of 1800MHz spectrum from EE. An Everything Everywhere spokesperson said that as part of the commitments required as part of the original Orange and T-Mobile merger, the company would “dispose of” 2x15MHz chunks of 1800MHz spectrum, selling the bands to Three.

Though exact timetables remain uncertain, the additional spectrum will allow Three to roll out 4G LTE services of its own ahead of the 800MHz and 2600MHz auctions next year. Three will be joined in the 4G space by EE, which was granted Ofcom approval to use its 1800MHz spectrum for LTE services yesterday.

More: Everything Everywhere gets 4G LTE approval in the UK

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Everything Everywhere confirms ‘new brand launch’

Android Central

Everything Everywhere, the company formed by the merger of T-Mobile and Orange in the UK, has confirmed that it'll be launching a 'new brand' later in the year. In a statement given to Engadget, ​the company said its Everything Everywhere brand would exist alongside Orange and T-Mobile when it launched. It stopped short of confirming that the EE brand would eventually replace Orange and T-Mobile in the UK, though that seems a likely outcome to us.

It might also be advantageous for the new Everything Everywhere to be unveiled alongside its new 4G LTE network, which was today green-lighted by UK telecoms regulator Ofcom. EE's 4G license kicks in from next month, with a commercial roll-out possible by the year's end.

More: Everything Everywhere gets 4G LTE approval in the UK

Source: Engadget

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Deutsche Telekom still open to T-Mobile USA mergers

While Deutsche Telekom and AT&T failed to get governments to agree on a merger that would see the latter buying up the former’s T-Mobile USA, they’re not ready to take offers off the table. DT’s René Obermann says they’re not excluding any options for T-Mobile, including merger.

The deal with AT&T didn’t work because they were just too big to begin with, but giving some of these smaller players a chance at the prize should eventually prove to be fruitful. Only time tells if anyone is willing to take a chance on T-Mobile. [via Engadget]


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Andy Rubin: I Don’t Know Anything About Motorola’s Products, Google Built a Firewall Between Moto and Android Teams

If you thought that Motorola was going to have the inside track on all things Android immediately following their merger, you thought wrong. At least that’s what Andy Rubin would have us believe. In a brief session in front of the press at Mobile World Congress, Rubin made it clear that while he “sponsored” the [...]

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Sprint And MetroPCS About To Announce Merger – Board Of Directors Pulls The Plug

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Somethings going on at Sprint. Apparently, Dan Hesse and co. were about to announce a merger today with Metro PCS to the tune of $8 billion and just hours away from going public, Sprint’s Board of Directors pulled the plug. This doesn’t bode well for CEO Dan Hesse who was essentially vetoed by the board. Could Sprint be up to something else? Lord knows they need all the help they can get. We’ll keep you updated.

[Twitter 1, Twitter 2 | Via Engadget]


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Google reportedly (and unsurprisingly) picks Dennis Woodside to replace Sanjay Jha as Motorola Mobility CEO

Dennis Woodside

Google has selected Dennis Woodside to be the new CEO of Motorola Mobility, replacing Sanjay Jha, according to three people speaking to Bloomberg. Woodside is a Google executive who led the company's ad business in North America before overseeing the Google/Motorola Mobility merger.

The deal was recently approved by both the European Commission and the U.S. Department of Justice, so it makes sense that these decisions are being made now.

From the beginning of the acquisition, Google has insisted that Motorola Mobility will remain an independent entity. Google and Motorola Mobility have yet to issue an official announcement.

Source: Bloomberg

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Bloomberg: Sanjay Jha is Out at Motorola, Google Will Appoint Dennis Woodside as New CEO

Oh, boy. According a report from Bloomberg, current Motorola Mobility CEO Sanjay Jha will be replaced by Dennis Woodside, who is a senior VP at Google and has been leading the transition of the two companies and reporting directly to CEO Larry Page. Now that the merger has essentially been signed off on, we sort [...]

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AT&T To Double Upgrade Fees

In the wake of a 4 billion (with a b) dollar payout to T-Mobile after AT&T’s failed merger attempt, it looks like they are raising fees yet again. This time, AndroidCentral has uncovered that customers looking to make an upgrade will begin paying $36 which is double the previous upgrade fee of $18.

AT&T is directing their core store reps to tell customers that the fee is for the costs of selecting and activating the phone that they want to upgrade to. It’s apparent that they don’t realize most of the selection process these days is happening at home.

In AT&T’s defense this is the first time they’ve increased the upgrade fee in ten years. Albeit it’s double what it used to be, that does say something right?

Look for the upgrade price to change on Sunday.

Source: Androidcentral

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Motorola Sold 1 Million Tablets in All of 2011, 5.3 Million Smartphones in Q4

Motorola published their Q4 and full 2011 earnings report today, giving us a look at potentially their final pre-Google numbers. While the merger with Google is still wrapping up, they are no longer doing live calls, so unfortunately, we are left without any gem quotes from CEO Sanjay Jha. Instead we will have to do [...]

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Starting January 16, Alltel Device Can No Longer Be Activated on Verizon Networks

Some of you may remember the purchase of Alltel by Verizon back in 2008? On Monday (January 16), almost 3.5 years after making their merger decision public, they will no longer accept Alltel devices on their network. And in case you were wondering, here are still Alltel locations in various regions throughout the country. Verizon [...]

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Motorola Provides Update on Business Situation – Showed “Modest Profitability” in Q4, Will Introduce “Several” New Products at CES

Since Motorola is in the process of finalizing its merger with Google, they are apparently not ready to give us a full Q4 earnings report and have instead issued a “business situation” update. According to the release, they had sales of $3.4 billion with “modest profitability.” Those sales included 10.5 million mobile devices, 5.3 million [...]

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Motorola Mobility shareholders vote yes to Google merger

Back in August Google and Motorola Mobility declared their intentions to merge. The deal will cost Google $12.5 billion once complete and will land the search giant the hardware maker to go its popular OS. The merger deal has hurdles left to clear yet, but it is one-step closer to a done deal now.

Motorola Mobility shareholders have now approved the merger deal at the $12.5 billion offer. Motorola held a special meeting of stockholders that voted to accept the merger or not. Motorola reports that 99% of those voting at the meeting approved of the merger. There were enough shareholders on hand to account for about 74% of outstanding Motorola Mobility shares.

Google and Motorola still need to clear other regulatory issues before the merger is final. The two firms are aiming at the end of 2011 or early in 2012 to have the merger complete. At this point Motorola notes that early in 2012 is more likely for completion. The time frame could grow as well if other regulatory issues arise and other closing conditions can’t be met.

[via SlashGear]

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Motorola Mobility stockholders approve merger with Google

Google-Motorola

Not that we ever really expected otherwise, but the shareholders of Motorola Mobility today approved the company's merger with Google. Motorola says 99 percent of the votes were in favor of the merger, and the votes represented about 74 percent of the company's outstanding shares as of Oct. 11.

“We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction," CEO Sanjay Jha said in a released statement. "We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.”

Google has said it intends to continue to run Motorola as a separate company. The deal, worth some $12.5 billion, is expected to close late this year or in early 2012.

Source: Motorola

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Motorola Mobility stockholders approve merger with Google

Google-Motorola

Not that we ever really expected otherwise, but the shareholders of Motorola Mobility today approved the company's merger with Google. Motorola says 99 percent of the votes were in favor of the merger, and the votes represented about 74 percent of the company's outstanding shares as of Oct. 11.

“We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction," CEO Sanjay Jha said in a released statement. "We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.”

Google has said it intends to continue to run Motorola as a separate company. The deal, worth some $12.5 billion, is expected to close late this year or in early 2012.

Source: Motorola

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Motorola Stockholders Approve Merger With Google

Well, check “Stockholder Approval” off the list of Google and Motorola merger requirements. In an “overwhelmingly” positive vote, stockholders from Moto have given it the thumbs up. So not completely unanimous, but with 99% of the crew on board, it was a go. There are still regulatory closing conditions that need to be finalized before [...]

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Splitter Pals iPhone Version Has 80 Levels of Puzzle Fun

splitter pals iphonePixilated Games has brought an expanded version of the free online game Splitter Pals to iPhone, iPod Touch and iPad. For those who haven’t tried it, it may be hard to imagine elementary artwork and sound giving any support to a truly challenging physics puzzle game, but the unexpected merger seems to work in the Splitter Pals app. It isn’t hard to overlook the game’s features that are less appealing on iPhone once you’ve immersed yourself in the brainteaser aspects of the game. Providing the audience is comprised of puzzle fans, the overall aesthetic goal of Splitter Pals is met with challenging sequences of variations not available online or in the free version.

Read the rest of Splitter Pals iPhone Version Has 80 Levels of Puzzle Fun or discover more iPhone apps.

© 2011: written by Jennifer for AppCraver.

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Judge Clears The Way For Sprint & C-Spire To Sue AT&T

U.S. District Court Judge, Ellen Huvelle has agreed to allow both Sprint and C-Spire to move forward with their lawsuits against AT&T to block the $39 billion dollar proposed merger between AT&T and T-Mobile.  AT&T had originally sought to have those suits dismissed.

Huvelle is allowing Sprint to move forward with their injury claims about the effect the proposed deal would have on the market for wireless devices.  Huvelle is also allowing C-Spire’s suit for injury claims about the effect the deal would have on roaming services.

Sprint’s suit that alleges the merger would effect their competitive practices in regards to the spectrum they need to serve their customers was dismissed. Huvelle also dismissed Sprint’s charges that the merger would hurt the market for backhaul services. On both counts Huvelle said that Sprint’s theory was not sufficiently supported.

AT&T’s Senior Executive Vice President and General Counsel said “We believe the limited, minor claims they have left are entirely without merit,”

source: Reuters via Phonescoop

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Motorola Mobility shipped 4.8 million smartphones, 100,000 Xoom tablets in Q3

Motorola

Motorola Mobility just announced its third-quarter 2011 earnings, dropping word that it shipped 4.8 million smartphones for the three months ending Sept. 30. It also said it shipped 100,000 Xoom Honeycomb tablets. By comparison, it shipped 3.8 million smartphones in Q3 2010, The Xoom wasn't available until 2011, but consider that Motorola said it shipped 440,000 of them in the second quarter. That's quite the drop.

Moto also give an update regarding its merger with Google, but didn't do much more than just repeat that shareholders will vote on the deal Nov. 17, and that it's all contingent on passing legal muster in the U.S., Europe, Canada, China, Israel, Russia, Taiwan and Turkey, and that the whole deal could be final by the end of 2011, or in early 2012. Motorola's attributing $18 million in expenses to the merger.

No conference call this quarter. Too bad. They're usually pretty juicy. Hit the link below for all the financial nitty gritty.

Source: Motorola


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Motorola Stockholders Will Vote on Proposed Google Merger November 17

With the growing number of patent lawsuits getting tossed around at Android handset makers, all eyes will turn their focus to Motorola’s stockholders, who will vote to move forward with the proposed Google merger (acquisition). By no means does anyone expect them to not vote this in, but we just wanted to point out that there [...]

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Motorola Mobility shareholders to vote on Google merger on Nov. 17

Motorola

Motorola this morning announced a special meeting Nov. 17 to vote on the merger agreement with Google — that little deal announced in August. Maybe you heard of it. Stockholders have to be on the books as of Oct. 11, 2011, in order to vote. The meeting will be in San Diego. Full word's after the break.

read more


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Sony Looks to Go All In With Mobile as They Attempt to Buy Ericsson’s Mobile Division

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Sony’s done it all – tablets, TVs, cameras, media players for all digital formats and physical media, video games, headphones. You name any consumer and even professional tech product class and their hand has probably been in that pot more than a few times. Now they want to add phones to their repertoire.

Sony wants to move past the partnership they have with Ericsson for phones and gobble up Ericsson’s mobile division, according to the Wall Street Journal. This would probably eventually kill the “Sony Ericsson” brand and end a partnership that has served both parties well for quite some time.

While they currently have half a brand with Ericsson’s offerings, they’ll want to develop phones with just “Sony” on them and advertise them like only Sony knows how. Then again, we’re not yet sure if this is a brand thing or a money thing, but we do know Sony’s probably going to be putting up a whole ton of money to make this happen.

Analysts have valued Sony Ericsson at $1.3-$1.7 billion, and while the company may not sell for that exact amount, anything in that range (or higher) is sure to be seen as a major acquisition.

From the sounds of things, the deal may be close but WSJ’s sources say things could fall apart any minute (as is the case with any high-profile acquisition proposal). It wouldn’t be a bad merger, I’d say, as Sony normally exudes quality in everything they do. We can’t imagine things will be any different here. [WSJ]


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Chromium web browser gets files that support a build for Android

Chromium

Chromium, the open-source version of Google's Chrome web browser, got an interesting bit of code checked in a few days ago — files and scripts that support a build for Android.  While normally we wouldn't get too excited seeing an upstream check-in about Android in an open-source project, this time the submission is from a Google employee.  Google took extra time to let everyone at Google I/O 2011 know that Android and Chrome were two separate entities, and everyone got the impression that the two would never meet.  We sure did, and discussed it ourselves over a beer or two.

Of course, things change — maybe Google has decided that a merger of the Android browser code and the Chrome browser code would benefit everyone, and the open-source version would be the best place to do it.  Or maybe these are just files for the DIY'ers out there to build their own version of Chromium for Android.  Either way, the full Chrome browser on my Galaxy Tab is something I've been wanting.  Maybe, just maybe, this is the first step.

Source: Chromium via Conceivably Tech


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AT&T moves to dismiss Cellular South filing

Yesterday AT&T asked the federal court to dismiss the Cellular South (now C Spire) complaint aimed to block the proposed merger with T-Mobile. AT&T claims the competitive concerns raised by Cellular South weren’t legitimate, and submitted an email as evidence. AT&T has evidence of a March 21st email from Cellular south’s president, Hu Meena, proposing a spectrum and roaming access agreement between the two companies.

Cellular South suggested that it would not oppose the merger if AT&T would agree not to engage in facilities-based competition in Mississippi,” AT&T said in its filing. “This inappropriate proposal confirms that what Cellular South fears is competition, not lack of competition.” Cellular South is currently putting together a statement about the accusations and will release it later.

In the Sept. 19th lawsuit to block the acquisition, Cellular South said the merger “threatens to substantially lessen competition” and will cause them significant losses and damages.

How do you guys feel about the proposed merger and what it would do to smaller companies? I personally like having the option to chose between 4 major carriers here in the U.S..

AT&T moves to dismiss Cellular South filing


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