The merger of T-Mobile USA and MetroPCS Communications "appears to be moving along without a hitch," a Yankee Group analyst said this week.
That's because the FCC and Justice Department have approved the deal, which now only awaits the nod from MetroPCS shareholders.
MetroPCS investors will meet on April 12. Some stockholders oppose the acquisition, arguing that MetroPCS should own a larger portion of the combined company.
"MetroPCS’ argument that the combined companies will have the spectrum position, subscriber base and ‘uncarrier’ strategy required to keep both companies relevant is a strong one," Karpinski added. "Shareholders will always push for better terms, but without this deal both companies will have a hard time competing."
If the deal goes through, T-Mobile will gain another 8.9 million subscribers, for a total of 33.4 million. That standing would solidify it as the fourth-largest wireless operator in the United States, after Verizon Wireless, AT&T and Sprint.