[Alcatel Fire C]
Mozilla announced that the number of countries where its Firefox OS devices are available will be increasing due to support from Telefonica and Deutsche Telekom. Devices that run on the Firefox OS are coming to Argentina, Costa Rica, Ecuador, El Salvador, Germany, Guatemala, Nicaragua, Panama, Croatia, the Czech Republic, Macedonia, and Montenegro.
Continue reading →
Deutsche Telekom Posts
T-Mobile US Inc (NYSE:TMUS) has announced on Monday that they could bring in nearly $2 billion for spectrum purchases. T-Mobile is going to sell 66.15 million common shares (around 9% of existing shares outstanding). T-Mobile would be using the proceeds to buy airwaves to increase their network capacity for wireless data services.
Continue reading →
Numecent is a company that offers friction-free digital delivery, deployment, and provisioning of native software. The company also offers non-linear assets through virtualization. Numecent’s patented cloudpaging technology can reduce the network footprint of digital downloads between 20 and 100 times the speed. Numecent has raised $13.6 million in funding round led by T-Venture, the venture capital arm created by Deutsche Telekom. Numecent has raised over $30 million in funding thus far.
T-Mobile USA and MetroPCS are now one company. The combined company will be called T-Mobile US. The network, subscribers, and other assets will be brought together into the combined company. This includes 43 million subscribers as of March 31st.
Continue reading →
There were a couple of hedge funds that opposed T-Mobile USA’s bid for MetroPCS. The hedge funds have now backed off from the lawsuits after an improvement has been added to the offer’s terms. Earlier this week, Paulson & Company and P. Schoenfeld Asset Management indicated that they would support the revised proposal by T-Mobile’s parent company Deutsche Telekom. In the new offer, the combined company would cut the amount of debt that would be assumed by around $3.8 billion. The interest rate of the borrowings will drop around half a percentage point.
T-Mobile USA has announced a new prepaid service called GoSmart Mobile. GoSmart Mobile will not require an annual contract in order and prices will begin at $30 per month for unlimited talk and text. An extra $5 per month will get you unlimited talk, data, and texting. For $45 per month, you will get access to 3G. Customers will be able to buy a SIM kit to use their existing phones at a cost of $8 or they can buy one of the low-priced GoSmart devices. Check out the press release below:
Deutsche Telekom is planning to complete their merger of T-Mobile with MetroPCS between April and June 2013 according to CFO Timotheus Hoettges. “The transaction is not likely be carried out until the second quarter of 2013,” stated Hoettges told in an interview with German newspaper Boersenzeitung.
Yesterday Pulse2 wrote about how Deutsche Telekom (DT) and MetroPCS were in discussions to have T-Mobile and MetroPCS merge. DT is the parent company of T-Mobile. The two carriers would become one company as a result of the deal and DT will hold 74% of the shares as part of the deal. MetroPCS will own 26% in the company and will receive a $1.5 billion check. This may likely cause T-Mobile to cancel the Crown Castle deal to lease their mobile towers for $2.4 billion. The new larger carrier will maintain the T-Mobile branding and John Legere will be the CEO of the combined companies and the MetroPCS CFO will retain his role. As a combined company, T-Mobile will stay as the fourth largest carrier. Below is a press release and video about the merger.