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FCC Approves T-Mobile/MetroPCS Acquisition

Mar 12, 2013, 12:49 PM by Eric M. Zeman
updated Mar 12, 2013, 12:56 PM

The Federal Communications Commission today approved T-Mobile's request to purchased MetroPCS in a reverse merger. After reviewing the applications by T-Mobile USA and MetroPCS, the FCC believes the merger will, overall, be good for consumers in the U.S. "We find that the transaction is not likely to result generally in competitive or other public interest harms," said the FCC in a statement. "In addition, to the extent there may be some possible competitive harms in selected geographic areas, we find that these possible competitive harms are outweighed by certain public interest benefits likely to result from the proposed transaction. Such benefits include the facilitation of Long Term Evolution deployment, the expansion of the MetroPCS brand into new geographical markets, the development of a more robust, national network, improved quality of service, and the strengthening of the fourth largest nationwide service provider's ability to compete in the mobile broadband services market." Separately, FCC chairman Julius Genachowski said, "With today's approval, America's mobile market continues to strengthen, moving toward robust competition and revitalized competitors. Today's action will benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years." The Justice Department also recently green-lighted the deal, which now hinges on a MetroPCS shareholder vote.

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Jayshmay

Mar 12, 2013, 1:01 PM

"reverse merger"?. . .

What exactly is a "reverse merger"? My thinking is T-Mobile is a bigger company both financially, customer base, and name recognition.

So is the MetroPCS name going to take over, and the T-Mobile name will cease to exist in the U.S.?
Who is taking whose name?

Eric M. Zeman

Technically, financially, MetroPCS will absorb T-Mobile USA. The combined entity, however, will be called T-Mobile. It has to do with how the stock of the two publicly traded companies is valued and combined.

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T Bone

Wouldn't a reverse merger be a split?

crood

Essentially it comes down to MetroPCS is a publicly traded corporation and Tmobile is private and owned by DT. The merged company will be publicly traded with DT as the majority shareholder.

Think of it this way, MetroPCS is selling stock to DT ...
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mat jonson

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 ...
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Charles Bigelow

Mar 13, 2013, 10:00 AM

Hopefully...........

When the network goes all LTE, customers do not wind up shelling out $$$$$$$ to changeover phones from their previous GSM/CDMA ones.

tlgreene1021

Well considering that Metro is currently selling 4g phones as low as $49(after $50 mir) or $79 no rebate, I'm pretty sure phone price won't be an issue when they shut down the CDMA network 2 years from now.

MarryTheNight

Mar 12, 2013, 1:34 PM

Yaye!!! Now go kill Sprint!!!

go go go !!!!!

sp_5015

Why would you want that? Nobody is killing anyone. If anything, Softbank/Sprint will buy T-Mobile USA down the road.

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adam2106

Sprint and T-Mobile have actually done a remarkable job with cornering the prepaid market. Look for that to continue; however, I think that T-mobile will kick it up a notch. I don't think T-mobile is done yet with purchasing.

Posted

Mar 12, 2013, 1:22 PM

Does that mean

that Deutsche Telekom's will no longer have a foot with Tmobile and Metro will simply have there name and customers?

Eric M. Zeman

Sorry guys, it's just a banking term, didn't mean to throw anyone for a loop:

"A reverse merger is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The ...
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