24
Apr
t-mothumb

Dearly beloved, we are gathered together in the sight of the FCC and these witnesses to join MetroPCS and T-Mobile in the bonds of holy mergrimony. If any shareholder can show just cause why they may not be joined together, let them speak now or forever shut the hell up.

Today, MetroPCS shareholders approved the merger between the company and T-Mobile USA. As a result of the deal, Deutsche Telekom will own a 74% stake in the new company, while the former MetroPCS shareholders will own 26%. The new company will be called T-Mobile US and, for the first time, be traded publicly on the NYSE under the name TMUS.

The merger will bring MetroPCS's 9 million customers (Q1 2013) together with T-Mobile's 34 million (Q1 2013) for a total of 43 million. This is still behind Sprint's 55 million (end of 2012), but it does close the gap considerably. It also positions T-Mobile to lead the contract-free market over the next couple years as its customers' contracts expire and they transition to the new no-contract plans.

Whether this will be enough to break the looming duopoly stranglehold that Verizon and AT&T remains to beseen, but hey, it seems like T-Mobile's efforts caught Verizon's attention enough to offer device payment plans.  That's a start.

Source: AFP, Telekom

Eric Ravenscraft
Eric is a snarky technophile with a taste for the unusual. When he's not obsessing about Android, you can usually find him obsessing about movies, psychology, or the perfect energy drink. Eric weaves his own special blend of snark, satire, and comedy into all his articles.

  • http://4LadyDi.blogpsot.com/ Lady Di

    I CUL at the opening "Dearly Beloved....". (insert Prince song)

    On a serious note, I hope this will help T-Mob provide stellar coverage in areas most needed.

  • http://twitter.com/trickedoutdavid David Margolin

    yay.. are there any downsides to this?

    • Joseph schneck

      MetroPCS stores will need to be redecorated and in 5 years no CDMA former Metro PCS phones will function as the radio towers will all be HSPA+/LTE4/LTE-A?

      • John O’Connor

        I can see some other downsides on the removing redundant stores and locations where both carriers existed before. So some people will probably be losing their jobs like in any merger.

        • http://www.facebook.com/Zerounodos Manoleta Bocchia de Coussillan

          Oh shit. That sucks.

  • http://www.facebook.com/people/Marlon-Milligan/100000870596832 Marlon Milligan

    So all the metro pcs stores I see will be rebranded?

  • Ralph1001

    Hopefully I can keep my $30 a month unlimited talk and text plan.

  • Derail Doax

    4chan has ruined me. When I saw the title I thought it said "MetroPCS Takes The Knot" I was like :O

  • Anthony Restaino

    Best opening sentences ever. Eric, you are as snarky and awesome ever.

    • http://www.androidpolice.com/author/eric-ravenscraft/ Eric Ravenscraft

      Why thank you.

  • http://cashd00d.co.cc/ WHAT?

    "mergrimony"... will that make the list of new Webster words for 2013?

    • http://www.androidpolice.com/author/eric-ravenscraft/ Eric Ravenscraft

      I have no higher ambitions in life than for this to come true.

  • Richard Yarrell

    This is good for Tmobile and Metropcs customers.

  • spydie

    I'd stay with TMO if they'd spend some money SE NM. Just took a trip to Galveston from Carlsbad and back. Almost no DATA anywhere along I-10. Even our ATT phone had no data most of the time. What a bunch of crap. Can't wait to go to Big Red this summer.

  • spydie

    what happened to all the hoopala about sprint buying metropcs, or verizons latest offer? Where did TMO come from?

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