T-Mobile US may find itself becoming a victim of its own success, as rival Sprint is apparently eyeballing a potential acquisition of the fourth-placed carrier only months after both companies sealed their own deals.
Fourth-placed U.S. carrier T-Mobile may not be in that position for very long if they keep having quarterly earnings reports like this, with more than a million new customers added to its "uncarrier" ranks.
That was quick! Less than a week after MetroPCS shareholders approved a merger with T-Mobile USA, the companies have announced the deal is done and the combined company is already trading on the stock exchange.
There's a shakeup under way in the U.S. wireless carrier business. T-Mobile is leading the way, first with its new "UNcarrier" plans and now with an expansion-minded MetroPCS merger. And the sentiment is making its way toward the Big Kahuna, Verizon Wireless, as customers make it known that they'd prefer to be set free from restrictive two-year contracts. What will the mobile landscape look like in the future?
Fourth-place U.S. carrier T-Mobile might finally have a fighting chance at a comeback now that the FCC has signed off on its proposed merger with MetroPCS, and the timing couldn't be better since the carrier is scheduled to officially offer the iPhone this year. But there was plenty more going on Tuesday, so let's take a quick spin through the day's events, shall we?
After Federal regulators stomped out any hope of AT&T snapping up fourth-placed U.S. carrier T-Mobile, the scrappy magenta network has been making some bold moves in the hope of a comeback -- and those plans now include merging with MetroPCS.
Despite widespread use around the world, prepaid cell phones have never really caught on in the U.S., where two-year commitments stubbornly refuse to go away. But two companies whose fate depends on prepaid have watched their fortunes plummet during what is typically a strong quarter.