Deutsche Telekom (DT) has reportedly accepted SoftBank’s offer for T-Mobile, according to Kyodo News. Reports surfaced earlier this year suggesting DT wanted an all-cash offer for its 67-percent stake in T-Mobile, valued around $26 billion. If the reports are true, the deal would come less than one year after SoftBank closed its $21.6 billion deal for a majority stake of Sprint.
T-Mobile has sent out the invitations for its Un-carrier 5.0 announcement June 18. The event in Los Angeles comes with few details; just a tagline reading “We don’t play it safe and sound.” Considering T-Mobile’s recent VoLTE launch in Seattle and using “sound” as a clue, the upcoming announcement may have something to do with the HD Voice-enabling technology.
T-Mobile today launched Voice-over-LTE (VoLTE) service in Seattle, deployed using an LTE-Advanced function called Enhanced Single Radio Voice Call Continuity (eSRVCC). T-Mobile subscribers in Seattle using an LG G Flex, Samsung Galaxy Note 3 and Galaxy Light will be able to use the service right away via an over-the-air update.
ROK Mobile has signed with major and independent music labels in order to create a cellular service and music app that effectively combines the mobile and music industries in one. ROK Mobile will offer a full 20-million-song music catalogue from any mobile device, laptop or tablet, as a wireless provider.
Walmart will offer T-Mobile connected tablets. The Trio AXS 3G Quad Core tablet will be available starting May 17 and will be priced at $179. The HP Slate 7 HD tablet will be available starting in June and will be priced at $229. Both tablets are 4G-enabled but neither support LTE.
T-Mobile CFO Braxton Carter said the carrier has several more “Un-carrier” initiatives planned for 2014. “Some of it will be non-traditional,” Carter said, speaking at an investor conference. On the question of the need for consolidation in the wireless industry, Carter said that without T-Mobile’s “Un-carrier” business model up front, it could be problematic.
Following a busy day at the FCC that saw the Commission drafting rules for upcoming spectrum auctions and revising its spectrum screen, carriers weighed in with varying degrees of praise or scorn for the new policies. The FCC’s move to set aside a reserve of 30 MHz in the 600 MHz Incentive Auctions for bidders holding less than one-third of available low-band spectrum licenses per area drew a lukewarm response from T-Mobile.
The FCC said its band plan will limit variations in the amount of spectrum turned over from broadcasters in different geographic areas in hopes of preventing the “least common denominator market’ from limiting the quantity of spectrum we can offer generally across the nation.”
Thursday's proceedings were disrupted when a woman began a vocal tirade during FCC Chairman Tom Wheeler's remarks on the matter. The woman was escorted away by police. The protests were an indication of just how passionate the public is about keeing the Internet in the United States free from constraints.
In this episode of SmartWatch, sponsored by SanDisk, we take a look at T-Mobile's reported request for a $1 billion break-up fee from Sprint should a potential merger deal fall through. The once jilted fourth-largest carrier in the U.S. knows how lucrative being rejected by the FCC can be after it took home around $4 billion in cash and prizes on AT&T failed bid.
Democrat FCC Commissioner Jessica Rosenworcel reportedly expressed worry in a private meetings that the number three and four U.S. carriers might not be able to remain viable if they stay independent, according to report from the Wall Street Journal.
Isis today boasted it’s adding more than 20,000 new “wallets” daily and claimed it has doubled its growth rate over the last month. The NFC-supported mobile payment joint venture between AT&T, Verizon and T-Mobile said its platform is now supported across 68 different devices on the three carriers and that the Isis Wallet now comes preloaded on 14 different devices.
As Sprint is reportedly moving ahead with its bid for T-Mobile, Deutsche Telekom (DT) is reportedly requesting a more than $1 billion breakup fee should regulators block the merger. DT, which owns 67 percent of T-Mobile, is requesting the lucrative safety as well as seeking assurances that the T-Mobile brand and some of its management team would remain in place following the deal, according to the Wall Street Journal.
Dish Network Chairman Charlie Ergen said T-Mobile would have “strategic interest” to his company if Sprint’s rumored bid for the carrier falls through. Ergen said Dish doesn’t have the money to outbid Sprint for T-Mobile, or AT&T for DirecTV for that matter, but added that Dish has to be “well positioned so that no matter what happens” and that he thinks “we're there,” according to Seeking Alpha’s transcript.
In this week’s episode of SmartWatch, sponsored by SanDisk, we look at T-Mobile’s impressive first quarter, which managed to outshine even Tier One behemoths Verizon and AT&T. T-Mobile added a whopping 1.3 million branded postpaid customers. While adjusted EBITDA was down a little over 12 percent sequentially to $1.1 billion...
With Sprint stock up 18 percent on the week, CEO Dan Hesse says a stronger number three carrier is needed to compete in a price war with rivals like AT&T and Verizon. Hesse took to Bloomberg TV Wednesday with a familiar message, namely that the duopoly of AT&T and Verizon will only ever be countered by a larger carrier that has comparable scale and cash flow.
Quarterly earnings don't get much better for a wireless carrier than those reported by T-Mobile Thursday morning. The company added a whopping 1.3 million branded postpaid customers. Wall Street took notice, as shares of T-Mobile soared over 8 percent in early trading to just under $32 per share.
Masayoshi Son doesn't give up easily. That's the take from a Bloomberg report Thursday that claims Sprint is moving ahead with a bid to acquire T-Mobile. According to the report, Sprint CFO Joe Euteneuer and Treasurer Greg Block have recently held meetings with six banks to ensure financing is ready for a T-Mobile bid. Sprint will likely put forth a bid in the June-July timeframe.
In mature wireless markets around the globe, the subsidy model has driven operators’ revenue growth by both attracting new subscribers and enticing them to upgrade their service plans. But today the subsidy model faces challenges. Some operators have experimented with an alternate...
MetroPCS is urging customers in Las Vegas and parts of New England to upgrade their handsets to T-Mobile HSPA+/LTE models by June 30 as the legacy network in those markets is shuttering June 30. A page on MetroPCS’s website, spotted by Phonescoop, highlights Las Vegas as well as Boston and Hartford, Conn as the first markets to see the changes.
The FCC today gave its blessing to T-Mobile's acquistion of a swatch of 700 MHz A Block spectrum from Verizon. In an emailed statement, T-Mobile Vice President of Federal Regulatory Affairs Kathleen Ham thanked the FCC for approving the deal.
FCC Chairman Tom Wheeler has reportedly proposed limitations for AT&T and Verizon Wireless, who together hold the majority of available low-band spectrum licenses. But the FCC based its rules on “current market structure” and would reconsider if a Sprint-T-Mobile tie-up proceeded, according to a Reuters report.
“Without additional clarity about the impact of government operations in the band, wireless carriers’ bidding strategies will have to be made in a vacuum, potentially depressing auction participation and revenues,” Steve Sharkey, a senior director of government affairs at T-Mobile, said in a statement.
The FCC is planning to set aside up to 30 MHz in each market for smaller carriers to bid on once bidding for those markets hits a set threshold. After the threshold it hit, carriers holding at least one-third of the low-band spectrum in that market wouldn’t be allowed to bid. AT&T and Verizon would experience the most impact from this rule though in some markets, smaller regional carriers like U.S. Cellular would be restricted.
T-Mobile today announced it is doing away with all talk, text and data overage charges for its customers and it’s challenging AT&T, Verizon, and Sprint to follow suit. The carrier claims that more than 20 million people in the U.S. were stuck with overage charges in 2013 and that the three biggest U.S. carriers raked in more than $1 billion combined off the practice.