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t-mobile merger

19

T-Mobile CEO John Legere to leave company in May, names Mike Sievert as his successor

T-Mobile CEO John Legere to leave company in May, names Mike Sievert as his successor

When you hear the word T-Mobile, several things probably come to mind: a retina-melting shade of fluorescent pink, industry-bucking "uncarrier" campaigns spanning the greater half of this decade, and the incessant, enthusiastic tweets of Chief Executive extraordinaire, John Legere. Well, you can soon scratch that last one off your list. Per an announcement made by Legere himself, the spirited face of T-Mobile plans to step down from his CEO position in just six short months.

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23
[Update: Merger Confirmed] Reuters: T-Mobile Is In Talks To Acquire MetroPCS, Press Conference Tomorrow?

[Update: Merger Confirmed] Reuters: T-Mobile Is In Talks To Acquire MetroPCS, Press Conference Tomorrow?

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. MetroPCS does have a burgeoning LTE network, though, and this may be the proverbial apple of T-Mobile's eye driving the deal.

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