S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

MetroPCS Confirms Merger Talks As Well

Photo of Jon C. Ogg
By Jon C. Ogg Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

You already heard it earlier that T-Mobile was confirming discussions about a possible MetroPCS Communications, Inc. (NYSE: PCS) acquisition or merger. Now we have received a formal press release from MetroPCS about such merger discussions.

The company said, “”MetroPCS today confirmed that it is in discussions with Deutsche Telekom regarding an agreement to combine T-Mobile USA and MetroPCS.  There can be no assurances that any transaction will result from these discussions, and the Company does not intend to comment further unless and until an agreement is reached.”

MetroPCS Communications is seeing shares still up about 18% at $13.60 against a 52-week trading range of $5.53 to $12.48. As of 2:00 PM EST we have seen some 27 million shares trade hands.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Paul Ausick |

T-Mobile, MetroPCS Deal Disappoints Investors

The reverse merger agreement between T-Mobile USA and MetroPCS Communications Inc. (NYSE: PCS) lit up the board yesterday before the…

Jon C. Ogg |

Confirmed Merger Talks Between T-Mobile and MetroPCS Create Issues

CNBC and Dow Jones have confirmed that Deutsche Telekom has confirmed talks are underway with MetroPCS Communications. Inc. (NYSE: PCS).…

Douglas A. McIntyre |

Government To Kill AT&T Deal For T-Mobile, Sprint Merger Back?

It looks like Uncle Sam has taken a stand on the buyout by AT&T (NYSE: T) of T-Mobile, which is…

Jon C. Ogg |

Expected Upside Gains for Leading Telecom Companies (T, VZ, S, FTR, CTL, LEAP, PCS)

Telecommunications providers are among the most visible companies in the US today, likely because essentially everyone has either a landline…

Jon C. Ogg |

Some Yes Some No On Sprint and MetroPCS Rival Bid

MetroPCS Communications, Inc. (NYSE: PCS) has traded well off of its highs since word first surfaced that Deutsche Telekom’s T-Mobile USA…

Trey Thoelcke |

T-Mobile Merger with MetroPCS Rolls Ahead

So the boards of Deutsche Telekom and MetroPCS Communications Inc. (NYSE: PCS) have approved a deal for a merger of…

Paul Ausick |

Battle over Telecom Merger Enters the Endgame

ThinkstockA week from Friday, a special meeting of shareholders of MetroPCS Communications Inc. (NYSE: PCS) will vote on a proposed…

Jon C. Ogg |

MetroPCS Dials the Wrong Number, All Cellular Carriers Beware (PCS, LEAP, VZ, T, AAPL, S, AMX)

Pre-paid wireless provider MetroPCS Communications, Inc. (NYSE: PCS) reported earnings and revenues this morning that did not live up to…

Paul Ausick |

MetroPCS Defends its Plans to Merge with T-Mobile

ThinkstockShares of MetroPCS Communications Inc. (NYSE: PCS) jumped to a 52-week high of $14.51 the day last October when the…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820