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T-Mobile US, Inc. (TMUS)

  • Jan. 10, 2013, 5:27 PM
    It's time for another dose of Leap Wireless (LEAP +9.7%) M&A speculation. Shares rallied over the course of the day after Guggenheim's Shing Yin argued there's a 70% chance MetroPCS (PCS) will make a bid after finishing its merger with T-Mobile USA. Six weeks ago, Yin claimed Sprint might make a bid for MetroPCS within four weeks. Leap, which had a whopping 61.5% of its float shorted on Dec. 14, reportedly held talks at one point about a 3-way deal with MetroPCS and T-Mobile.
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  • Jan. 9, 2013, 10:45 AM
    "It's hard for me to imagine that what Dish wants is Clearwire ... It could be a chess move to get a partnership with Sprint," opines Bernstein's Craig Moffett. Jefferies and Macquarie also think Dish's (DISH +2.1%) $3.30/share offer for Clearwire (CLWR +7.7%) is an attempt to cut a deal with Sprint (S -1.4%), long named as a potential 4G partner but currently in the midst of selling itself to SoftBank (SFTBF.PK). Macquarie adds a $3.50-$3.75/share Sprint bid might be needed to get Dish and dissident shareholders to back down. PCS +1.8%. LEAP +0.9%.
  • Jan. 8, 2013, 1:35 PM
    Verizon (VZ -3%), MetroPCS (PCS -2.8%), and Leap Wireless (LEAP -3.2%) are selling off after AT&T announced it sold 10M+ smartphones in Q4. Verizon ticked higher yesterday after announcing it had 2.1M net wireless subscriber adds in Q4.
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  • Jan. 7, 2013, 1:16 PM
    MetroPCS (PCS -2.3%) trades lower after announcing it lost 93.2K subs in seasonally strong Q4. That's better than the 312.3K subscriber loss it saw in Q3, but worse than the 197.4K gain the prepaid carrier witnessed a year ago. The decline likely has much to do with tougher prepaid competition from nationwide carriers. Churn stood at 3.6%, down slightly from Q3's 3.7%, and 4G LTE subs rose 117% Q/Q to 2.2M (26% of MetroPCS' base). Merger partner T-Mobile USA has also been losing subs.
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  • Dec. 17, 2012, 11:39 AM
    MetroPCS (PCS -2.2%) has sold off following news Clearwire's board has approved the full sale of the company to Sprint. Shares had already slumped this month on a Reuters report Sprint is unlikely to make a bid for the carrier before the SoftBank deal closes, something that could preclude an offer from happening before MetroPCS' planned merger with T-Mobile USA goes through.
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  • Dec. 11, 2012, 12:10 PM
    Sprint (S -1%) and Clearwire (CLWR +13.1%) are "moving closer" to a deal in which the former would buy the 49% of the latter it doesn't own, sources tell David Faber. He adds Sprint has been talking with Clearwire shareholders about buying their stakes for ~$3/share, and that a deal could be announced by year's end. Clearwire has spiked to $2.72, while MetroPCS (PCS -1%) has ticked lower. PCS was clocked last week after Reuters reported Sprint is unlikely to make a bid before its SoftBank (SFTBF.PK) deal closes. Update: The WSJ backs up Faber's report.
  • Dec. 4, 2012, 9:21 AM
    MetroPCS (PCS) -7.2% after 3 sources tell Reuters Sprint (S) is unlikely to make an offer for the discount carrier in the near-term, out of concern it would complicate the regulatory review of the SoftBank (SFTBF.PK) deal. Sprint could revisit a MetroPCS bid after the SoftBank deal closes, but with the T-Mobile/MetroPCS deal expected to close somewhere in 1H13, and Sprint and SoftBank shooting for a mid-2013 close, Sprint might not have much time. LEAP -1.6%. (previous)
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  • Dec. 4, 2012, 9:10 AM
    Premarket gainers: SINO +28%. GALE +14%. FHCO +10%. BIG +7%. OCZ +6%. ALXA +5%.
    Losers: GERN -28%. PBY -9%. DRI -9%. SSN -6.4%. PCS -6.4%.
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  • Nov. 30, 2012, 1:00 PM
    MetroPCS (PCS +3%), Leap Wireless (LEAP +4.3%), and Clearwire (CLWR +8.1%) are higher after a Guggenheim Securities analyst writes Sprint (S -0.6%) could make a $12-$13/share bid for MetroPCS in the next 4 weeks. Speculation debt-laden Sprint will try to grab MetroPCS from T-Mobile has been around for a while, aided by the fact SoftBank's (SFTBF.PK) CEO has said he won't rule out an offer. Also: Chat on the Street has passed on a (somewhat questionable) rumor Carlos Slim is talking with Clearwire.
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  • Nov. 19, 2012, 11:48 AM
    Leap Wireless (LEAP +3.7%) outperforms following news Dish Network (DISH -2.1%) offered $11/share for MetroPCS (PCS +1.2%) before the latter decided to merge with T-Mobile USA. With MetroPCS off the table in the absence of a higher bid, Dish could conceivably turn to Leap to further its 4G ambitions. Dish is underperforming: aside from the MetroPCS disclosure, investors may be bothered by the WSJ's claim that FCC officials are "leaning" toward limiting the use of Dish's 4G spectrum out of interference concerns. (Dish/Google)
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  • Nov. 19, 2012, 9:10 AM
    Premarket gainers: BMTI +77%. INVE +12%. ALXA +9%. SINA +8%. JRCC +7%. PCS +7%. STSI +6%. LOW +6%. DDD +6%
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  • Oct. 11, 2012, 2:52 PM
    The Sprint/SoftBank rumors just won't stop. MetroPCS (PCS -0.8%) has spiked higher (mostly erasing its early losses) on a report from the Nikkei that SoftBank (SFTBF.PK) will buy the discount carrier via Sprint (S +13.1%). But David Faber's sources claim SoftBank isn't talking with MetroPCS. (more)
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  • Oct. 11, 2012, 11:07 AM
    More on Sprint/SoftBank: David Faber claims SoftBank's talks with Sprint (S +19%) also cover the acquisition of Clearwire (CLWR +38.8%). He adds a 3-way deal featuring T-Mobile was considered, but talks fell apart due to antitrust concerns, leading T-Mobile to go after MetroPCS (PCS -6.1%). Sources tell Faber a SoftBank/Sprint deal, though not yet finalized, could happen in a week or two. SoftBank reportedly thinks Sprint and Clearwire's spectrum will allow it to challenge the AT&T/Verizon "duopoly." (more)
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  • Oct. 11, 2012, 9:14 AM
    Clearwire (CLWR) +29.2% following a report SoftBank (SFTBF.PK) is thinking of buying a majority stake in Sprint (S) - investors are clearly betting Sprint's 4G network partner will also turn into a takeover candidate. However, MetroPCS (PCS) is down 7.8%, as the Street assumes a Softbank deal will lower the odds of a Sprint counter-offer to the T-Mobile deal, and perhaps put the carrier in a worse competitive position. Leap Wireless (LEAP) +3.4%.
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  • Oct. 11, 2012, 9:10 AM
    Premarket gainers: CLWR +28%. S +19%. CTB +16%. DRWI +16%. FOLD +7%.
    Losers: PCS -8%. SWC -5%.
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  • Oct. 10, 2012, 1:14 PM
    MetroPCS (PCS -5.8%) dives after Bloomberg reports Sprint (S +0.8%) is "holding off on an immediate counterbid," and wants to look at Deutsche Telekom's regulatory filing for the MetroPCS/T-Mobile deal (expected in a month or two) before making a move. Sprint reportedly offered $8B (including debt) for MetroPCS, which currently has a market cap of $4.3B and $2.4B in net debt, earlier this year. Since then, Sprint's shares have surged, possibly enabling an offer with less equity dilution.
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Company Description
T-Mobile US Inc provideswireless communication servicesin the postpaid, prepaid, and wholesale markets.The Company's products and services includevoice, messaging, data services,wireless devices, smartphones and other mobile communication devices.