Well it was metros plan to move away from cdma and go volte. Metro will be taking charge just under tmobiles branding, while tmobiles parent company will be getting out of the us market by slowly selling off stocks. A reverse merger so metro didnt just get bought out.
Deutsche Telekom and MetroPCS agree on $1.5 billion T-Mobile merger (updated) - Engadget
Oh come on, dude. I have a business degree.
I don't care how the accountants are STRUCTURING the deal. T-mobile is buying MetroPCS.
T-mobile CEO stays in charge, not Metro's management. MetroPCS name is going away and they are receiving $1.5 billion. They were sold. They got bought out.
From your article:
The new larger carrier will maintain the T-Mobile branding with new CEO John Legere at the helm.
MetroPCS will have a 26 percent stake in the company and receive a $1.5 billion check for its troubles.
Sprint rejected Metro because they wanted $8 billion in compensation, which was ludicrous. So, lower price for T-Mobile. SALE!
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Part of the reason it's being "structured" the way it is because T-Mobile is a subsidiary of a German company (Deutsche Telecom), not an independent company. So, technically it's DT that is buying Metro, then DT is combining T-Mobile and Metro into one company, which will have the T-mobile name.
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