T-Mobile USA unveiled plans Thursday to spend $4 billion — the same amount it collected from the failed merger with AT&T last year — to modernize its network through the deployment of 4G Long-Term Evolution technology nationwide and in Puerto Rico in 2013.
Puerto Rico’s wireless market is gearing up for another year of growth, fueled by the explosion of 4G Long Term Evolution (LTE) digital technology that promises faster and better services. The demand that should be associated with LTE will drive companies to do everything they can to expand the technology’s reach, industry executives told News is my Business.
AT&T’s decision to walk away from its intention of buying rival T-Mobile puts an end to concerns expressed locally that consummating the $39 billion transaction would create a monopoly on the island.
As AT&T’s proposed acquisition of rival T-Mobile USA virtually unraveled Monday after a federal judge granted a request to delay the U.S. Department of Justice’s antitrust case, an unlikely third party announced its interest in partnering with the latter carrier if the deal ultimately falls through, Bloomberg reported.
Less than a year after unveiling the island’s first network capable of offering 4G speeds, T-Mobile announced Wednesday plans to expand the high-speed service in more than 40 municipalities that include the areas of Naranjito, Juana Díaz, Luquillo, Las Marías, Toa Alta, Florida, Lares, and Canóvanas.
Puerto Rico’s 81 percent wireless penetration rate is low in contrast to other parts of the world where mobile phones outnumber people, leaving ample space for growth and further contributions by an industry that “could do more.” However, the impact of an industry is not always in the numbers, but in the quality of services it extends to a population.
Wireless carrier T-Mobile this weekend unveiled the two newest smartphones joining its portfolio of products the HTC Amaze 4G and Samsung Galaxy S II, the first to take advantage of its 4G (HSPA+ 42) network technology.
Saying that the proposed merger between AT&T and T-Mobile would “hinder wireless market competition,” the Puerto Rico Justice Department joined its federal counterpart lawsuit to block the transaction, an action News is my Business anticipated earlier this month.
The Puerto Rico Justice Department will express its position on the proposed acquisition by AT&T of T-Mobile’s assets in coming days, likely opposing the deal due to concerns about its potential effects on the local competitive landscape, News is my Business learned.
The movement against the proposed merger between AT&T and T-Mobile USA gained greater momentum late last week, when seven state attorney generals, including New York’s, joined the U.S. Justice Department’s lawsuit to block the deal.
No sooner had the U.S. Department of Justice filed a lawsuit in a Washington D.C. court to block the proposed $39 billion takeover by AT&T of T-Mobile’s operations, when AT&T shot off a letter expressing its “disappointment” in the government’s action.
T-Mobile, the island’s third-largest wireless carrier, announced its support for the third year in a row, to the efforts in benefit of the Susan G. Komen for the Cure’s Puerto Rico chapter. The company will again sponsor the Susan G. Komen “Race for the Cure” 5K event, to take place Oct. 9.
It has been nearly a month since the Federal Communications Commission stopped the clock on its 180-day timeline to approve the proposed $39 billion AT&T acquisition of rival T-Mobile.
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