Wireless Mergers: MetroPCS Approves T-Mobile Takeover, Sprint Would Benefit from Softbank
Source: Wireless Week.
When President Obama was about to sign into law the Affordable Care Act, an open mic caught Vice-President Joe Biden telling POTUS “it’s a big fraking deal”. I substituted “frak” with the other well known “f” word. And whether you agree with it or not, it was. And while recent moves in the wireless merger and acquisition market are that earth shattering, T-Mobile bulking up with MetroPCS after its revamping of the whole wireless industry in the US with its new pricing plans and Softbank (though it isn’t over given Dish is trying to muscle in) looking for a foothold in the lucrative US market by buying Sprint, those are big deals too.
Today, MetroPCS approved of the deal to merge with T-Mobile. The newer bigger company will provide competition to AT&T and Verizon Wireless neither have seen before. And Softbank will give Sprint a life line that not even the iPhone can provide.
Both companies will offer greater variety in a wireless market increasing dominated by AT&T and Verizon.
And if you don’t remember even five years ago, you were unable to get flagship devices on any carrier but the top ones. Today, flagship devices have proliferated across national and regional carriers because of competition among the carriers and between the device makers themselves.
So, while not healthcare reform “big deal”, a stronger Sprint and T-Mobile are huge deals for the wireless market and awesome for mobile warriors.