That doesn’t mean that the deal is in the clear though. Obviously it is making its way through regulators and government agencies with ease, but it is still just a proposal. There is still the all important vote by MetroPCS shareholders on if they want to go through with deal. Not everyone one of them is on board with the deal. One of MetroPCS’s largest shareholders, John Paulson, said “We believe MetroPCS is worth more as a stand-alone company.†Other murmurs from the inside are giving mixed thoughts and feeling as to if the MetroPCS shareholders are all for the deal.
The voting process to finalize the merger is scheduled to happen in just a few short weeks. When the final word comes down from the big guys you can expect us to give you the news. Personally I think the merger would be great for both companies. I know T-Mobile really needs this deal to happen. FCC chairman Julius Genachowski sure seems pleased to see it and wants it to go through too.
“With today’s approval, America’s mobile market continues to strengthen, moving toward robust competition and revitalized competitors. We are seeing billions more in network investment, while the courts have upheld key FCC decisions to accelerate broadband build-out, promote competition, and benefit consumers, including our broadband data roaming and pole attachment rules. Today’s action will benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years.
“Mobile broadband is a key engine of economic growth, with U.S. annual wireless capital investment up 40% over the last four years, the largest increase in the world, and few sectors having more potential to create jobs. In this fast-moving space, of course challenges remain, including the need to unleash even more spectrum for mobile broadband and continuing to promote competition and protect consumers. The Commission will stay focused on these vital goals.â€
What do you guys think?
