12
Mar
t-mobile-sign-image-via-gigaom-e1312508204144

According to Bloomberg News, the FCC has now officially approved the proposed T-Mobile / MetroPCS merger, roughly 5 months after the announcement of the deal back in October.

This was the final regulatory hurdle for the acquisition, and both companies' boards have also officially endorsed the move. However, the proposal's future does remain uncertain at this point, as major shareholders at MetroPCS have voiced concerns over its financial soundness. MetroPCS's single largest shareholder, John Paulson, argues that MetroPCS would be more successful and valuable in the long term if it remained an independent company. Whether or not that's true is something no one can really know, but tactics like these are far from rare in merger negotiations. Mr. Paulson may be holding out for some preferred T-Mobile stock, or some other deal-sweetener.

We'll know when a special MetroPCS stockholder meeting convenes to approve or reject the deal on April 12th.

Bloomberg via TmoNews

David Ruddock
David's phone is an HTC One. He is an avid writer, and enjoys playing devil's advocate in editorials, imparting a legal perspective on tech news, and reviewing the latest phones and gadgets. He also doesn't usually write such boring sentences.

  • Richard Yarrell

    Fcc approves deal. Now it's time for shareholders gathering. Time to get busy now tmo and metro gots to get busy. Deal is done.

  • mat jonson

    T-mobile is #4 carrier in US, will this merger effect it

    • Cuvis

      We're looking at the #4 and #5 carriers merging, so that should result in a stronger company with a larger user base. There are some hurdles to overcome, such as the fact that Metro is a CDMA carrier and T-mo is a GSM carrier, but they seem to have a plan in place to deal with those.

  • Matthew Fry

    Yay! I'll actually have T-Mobile service in Iowa n̶o̶w̶ soon.