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%. Read More
AT&T has a problem on its hands. It's big, but is it big enough? If you're a CEO of a major corporation the answer to that question is always "no." However, the carrier has difficulty expanding on the home front. An overwhelming majority of U.S. citizens have phones with one carrier or another, so there's very little wiggle room to grab new customers. And gaining in market share when you (and all your competitors!) are dead set on locking people into two-year contracts is very difficult. Read More
Previously, we'd heard rumors and whispers that T-Mobile (by way of its parent company Deutsche Telekom) would be acquiring MetroPCS. Today, both companies' boards have approved the merger and, pending regulatory and MetroPCS shareholder approval, the deal should be completed by mid-2013. The two companies will have a combined subscriber base of about 42.5 million customers, which still leaves it in fourth place in the U.S. behind Sprint with 56 million and AT&T/Verizon who each have over 100 million users. Read More
Update: Deutsche Telekom has confirmed that this merger will be happening (given regulatory approval), and that DT will run T-Mobile and MetroPCS as one company. The DT board will meet tomorrow to approve the transaction.
According to Reuters, "three sources familiar with the situation" are saying a deal between T-Mobile and MetroPCS is "close," and by close, they mean an announcement is probably happening tomorrow.
This is a bit odd, given that MetroPCS is a CDMA carrier, and that network is largely incompatible with T-Mobile's current spectrum holdings. Read More
Just three short months ago, China approved Google's purchase of Motorola Mobility, effectively finalizing the deal. Apparently, neither company is looking to waste any time, as Motorola's new Google-driven leadership has already revealed the basics of the big turnaround plan. The first step: lay off 20% of its employees (including about 1,330 in the US) and close 94 offices around the globe. Given that Moto's phone unit has only made a profit in 6 months of the last 4 years, that's not so surprising. Read More
Today, Google announced that its acquisition of Motorola Mobility had officially closed. Make no mistake, this merger is something of a shotgun arrangement - and the offspring conceived out of wedlock is Android. So, how did we get here, two and a half years after the first DROID?
A Brief History Of Motorola And Android
Motorola was once Google's model manufacturer partner. At least in the US, it produced what was the most popular "first generation" Android smartphone, the original Motorola DROID. Read More
Google just got one step closer to finalizing its acquisition of Motorola Mobility with approval from the 27-member European Union. Google still needs approval from the U.S. and China, as well as a few other key jurisdictions, before it can bring Motorola into the fold, but at the moment things are looking rosy for the Big G.
The EU did express some hesitations about the deal, however. EU Competition Commissioner Joaquin Almunia had this to say in a statement to the press:
"This merger decision should not and will not mean that we are not concerned by the possibility that, once Google is the owner of this portfolio, Google can abuse these patents, linking some patents with its Android devices.
Assuming the Google/Motorola merger goes through, Google might want to rethink that whole hands-off approach to managing its new hardware company. According to Motorola's press release, the company saw a net loss of about $80 million, after $3.4 billion in revenue. It's not the worst loss in the world, but shareholders are never happy when they see red.
The tablet sales figures are bad, though. Motorola says in Q4 of 2011, it shipped 200,000 tablets. Read More
It's official: AT&T-Mobile will not be happening any time soon. AT&T, the US's second-largest wireless carrier and all-around communications mega-corporation, after months of attempting to convince consumers and federal agencies alike that the deal was going to be good for everyone, has given up its plans to purchase T-Mobile, a division of Deutsche Telekom.
As part of the cancellation, AT&T will pay DT a $4 billion accounting fee to get out of its contract, as well as expand roaming agreements with the company (where, when, and for what purpose was not stated). Read More
So yesterday, the FCC released a report detailing its feelings on the AT&T/T-Mobile. The FCC basically called it like it is and said the merger will reduce competition, raise prices, cost jobs, and AT&T will have to build out its network with or without T-Mobile.
Well, AT&T got wind of that report, and they are not happy. Today they responded with all the composure of a rejected middle schooler:
We expected that the AT&T-T-Mobile transaction would receive careful, considered, and fair analysis. Unfortunately, the preliminary FCC Staff Analysis offers none of that. The document is so obviously one-sided that any fair-minded person reading it is left with the clear impression that it is an advocacy piece, and not a considered analysis.