Dish Network Corp. DISH +2.66% Chairman Charlie Ergen made a bid to acquire MetroPCS PCS +2.97% in August for about $4 billion, according to people familiar with the matter, the latest sign that the executive has pursued serious steps to enter the wireless business.
Mr. Ergen offered to buy MetroPCS for $11 a share, to be paid in 30% cash and 70% stock, according to a MetroPCS filing to the Securities and Exchange Commission late Friday and people familiar with the matter. Mr. Ergen had courted MetroPCS since at least last March, according to the filing, which identified Dish only as "Company C." The people familiar with the matter said Company C was Dish.
If charlie wants to throw his money away maybe he can buy Hostess.
Yeah, well not when there's a union involved. Besides Twinkies don't make very good electronic communication devices, but then again you can sign up for a 2yr contract with Dish and get a FREE box of Twinkies,
or you can pay $10 per month and get "Twinkies @Home" where Dish sends out a box of Twinkies to your house every week.
You could also put a couple of cases of them on the satellites and have a sign saying "Welcome to Earth, As a courtesy have some Free Twinkies"
What the F????Yeah, well not when there's a union involved. Besides Twinkies don't make very good electronic communication devices, but then again you can sign up for a 2yr contract with Dish and get a FREE box of Twinkies,
or you can pay $10 per month and get "Twinkies @Home" where Dish sends out a box of Twinkies to your house every week.
You could also put a couple of cases of them on the satellites and have a sign saying "Welcome to Earth, As a courtesy have some Free Twinkies"
Yeah, well not when there's a union involved. Besides Twinkies don't make very good electronic communication devices, but then again you can sign up for a 2yr contract with Dish and get a FREE box of Twinkies,
or you can pay $10 per month and get "Twinkies @Home" where Dish sends out a box of Twinkies to your house every week.
You could also put a couple of cases of them on the satellites and have a sign saying "Welcome to Earth, As a courtesy have some Free Twinkies"
Yeah, well not when there's a union involved. Besides Twinkies don't make very good electronic communication devices, but then again you can sign up for a 2yr contract with Dish and get a FREE box of Twinkies,
or you can pay $10 per month and get "Twinkies @Home" where Dish sends out a box of Twinkies to your house every week.
You could also put a couple of cases of them on the satellites and have a sign saying "Welcome to Earth, As a courtesy have some Free Twinkies"
Why does the thread title reference T-Mobile, but the OP quotes a blurb about MetroPCS? Are they one in the same company? Then TNGTony posts an article that is almost a year old. Something amiss here.
EDIT: Ok, so I see now that the WSJ article is also discussing past news as well.
Meanwhile, Sprint Nextel Corp. S -1.08% showed interest in acquiring MetroPCS right up until the deal with T-Mobile was final, even as Sprint was still working on its own deal to sell a 70% stake to Softbank Corp. 9984.TO +2.60% for $20 billion, according to the filing and people familiar with the matter.
According to the filing, an executive with "Company G" contacted MetroPCS in early October, the night before the T-Mobile deal was publicly announced. People familiar with the matter said Company G was Sprint. The executive alluded to the new capital Sprint was about to receive from Softbank and expressed interest in a deal for MetroPCS.
The filing details various discussions between companies in the U.S. wireless industry in recent months, showing an almost frantic effort by companies to line up spectrum and grow larger in a consolidating business following last year's collapse of AT&T Inc.'s T -0.84% $39 billion attempt to buy T-Mobile.
Current FCC rules require operators using satellite spectrum to offer handsets with a satellite chip, making the devices more expensive. Dish has been awaiting the FCC's decision on whether to allow the satellite operator to use its spectrum for a solely ground-based cellular network.
The Wall Street Journal reported Friday that the FCC is close to approving Dish's request, but with a buffer zone in which Mr. Ergen could only operate at low power, which could mean worse wireless service. Mr. Ergen said that limit would reduce the capability of Dish's "uplink" spectrum—which handles the pathway from the cellphone to the tower—by 25%. An additional 25% on top of that would be impaired due to interference, he said, endangering Dish's ability to compete in the wireless business against incumbents like AT&T Inc. T +1.89% and Verizon Wireless, which own much larger swaths of spectrum.
The reclusive satellite-TV pioneer has spent a large amount of time this year in the public eye attempting to convince Washington that he is serious about entering the wireless business, even as analysts speculated that Dish may simply try to sell the spectrum at a big profit.
Mr. Ergen's offer to buy MetroPCS came to light through a MetroPCS filing to the Securities and Exchange Commission late Friday.
"Welcome to Earth, As a courtesy have some Free Twinkies"
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