Nokia Corporation announced the Nokia Lumia 925 smartphone on Tuesday. The Lumia 925 has a metal-finished design and works very well in low lighting. The Lumia 925 has a new AMOLED display and has advances in PureView imaging technology for capturing sharp pictures.
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.
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Last month T-Mobile hosted an event called “Uncarrier.” The term “uncarrier” was used to indicate that T-Mobile will not have subsidy pricing plans. However the Washington State Attorney General Bob Ferguson has ordered T-Mobile to change their advertising because their offer for no annual contracts are “deceptive.”
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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 and Audi have announced an in-vehicle plan that will enable WiFi Internet access inside of cars. The Audi Connect allows Audi drivers to get access to news, weather, fuel prices, Google Voice, etc. over WiFi for $15 per month with a 30-month contract or $30 month-to-month contract.
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The iPhone 5 has finally arrived on T-Mobile USA. The iPhone 5 will be available on T-Mobile starting on April 12th for a price of $99 without a contract. The iPhone 5 will be compatible with T-Mobile’s LTE network, which is launching in 7 cities today. When speaking to a crowd at the Uncarrier event in New York City, T-Mobile USA president and CEO John Legere said “This is an important day for people who love their iPhone but can’t stand the pain other carriers put them through to own one.”
The Federal Communications Commission has approved of the $1.5 billion merger between MetroPCS and T-Mobile USA. The combined company would be the fourth largest wireless carrier in the United States. FCC chairman Julius Genachowski issued this statement:
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:
