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T-Mobile Withdraws Anti-Net Neutrality Lawsuit

May 17, 2013, 3:41 PM by Eric M. Zeman

The Federal Communications Commission today indicated that T-Mobile USA has dropped a lawsuit filed against the FCC by the former MetroPCS. T-Mobile acquired MetroPCS earlier this month. The aim of the lawsuit was to scuttle the FCC's Open Internet rules. On his last day in office, FCC Chairman Julius Genachowski said, "The FCC's widely supported open Internet framework has contributed to healthy growth in innovation and investment across the U.S. broadband economy. Since 2010, our strong and balanced rules have been protecting entrepreneurs and consumers, and have increased certainty and predictability for investors in Internet services as well as networks. The ongoing litigation – now pursued by a single company – only serves to reduce that certainty and predictability. I applaud T-Mobile's decision to withdraw from this litigation." Verizon Wireless is now the only company actively pursuing litigation against the FCC and its rules.

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carmodboy99

May 20, 2013, 11:32 AM

T-Mobile DID NOT ACQUIRE METROPCS!!!!!

How many times do we need to go through this... It was a reverse merger, which albeit is a little more complicated, but basically means DT essentially "gave" MetroPCS TMO on credit, and over time Metro will be making payments to gradually "own" TMO. It's probably easier to write up the other way around, but not at all accurate.

carmodboy99

Here’s how it works:

MetroPCS will declare a 1-for-2 reverse split.
The company will pay holders $1.5 billion in cash, about $4.09 a share before the reverse split.
MetroPCS will acquire all of T-Mobile USA’s stock in exchange for a 74% stake...
(continues)

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