A bit of a lull this week ahead of what is shaping up to be an insane May -- and perhaps an even crazier June. We have events stacked three-deep at times, with industry ones like Google I/O, BlackBerry World, CTIA and SID Display Week looming along with private ones like Microsoft's next-generation Xbox unveiling. Next month? WWDC and the Electronic Entertainment Expo, just to name a few. Giddyup.

This week, we got what should be the final dredges of first-quarter earnings, with Facebook reporting $1.46 billion in revenue. That's a 38 percent increase over this quarter last year and a healthy $312 million in profit. Daily active users are also up, from 526 million to 665 million and, perhaps most importantly, Facebook managed to increase the performance of its mobile ads. That will be the key to its long-term success.

Filed under: Misc, Wearables

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T-Mobile has been slowly inching closer to closing its acquisition deal with MetroPCS, and the day for inking that contract is finally here. Less than a week after MetroPCS shareholders approved the merger, which would give them a total cash payment of $1.5 billion, the deal is done, and T-Mo is a publicly traded company. In addition to giving Deutsche Telekom a 74 percent stake in the new company, the deal will bring nine million new prepaid customers to T-Mobile. According to the Uncarrier's President and CEO, the network would "continue our legacy of marketplace innovation by tearing up the old playbook and rewriting the rules of wireless to benefit consumers." T-Mobile plans to keep the MetroPCS brand, holding on to its retail outlets too, pitching to different demographics with the two carriers, according to AllThingsD. MetroPCS broke the news to its customers first through Facebook, although Big Magenta followed swiftly with the official press release -- you'll find that right after the break.

Filed under: Cellphones, Wireless, Mobile, T-Mobile

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Source: MetroPCS (Facebook), T-Mobile

By now, you're probably aware that MetroPCS shareholders voted in favor of a merger with T-Mobile, and with regulatory red tape out of the way, both companies are now set to become one on April 30th. Now, MetroPCS has laid its Q1 2013 financials bare, which provides us with an excellent peek at T-Mobile's future partner. First off, the company is making money, and its operational income is actually rising, but it's also dealing with increased costs from loans, taxes and the like. Overall, MetroPCS reported a net income of $19.4 million for the first quarter, which is down from $21 million just one year ago.

Speaking of loans, MetroPCS has a ton of them. Its liabilities now sit at $10.3 billion, and its managed to take on $3.4 billion in financing during the last year alone. From a balance sheet perspective, 75 percent of the company's assets exist as debt, and this is a burden that T-Mobile must now take on. Naturally, much of this merger was in effort to score additional spectrum, but Ms. Magenta also stands to gain 9 million new customers once the deal completes, 39 percent of which are LTE subscribers. Better yet, with a churn rate of 2.9 percent, they're sticking around now more than any previous time in company history.

Filed under: Wireless, Mobile, T-Mobile

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Source: PR Newswire

It hit a few snags along the way, but T-Mobile's merger with MetroPCS now appears to be all but a done deal. Bloomberg is reporting that MetroPCS shareholders voted to approve the deal this morning, following a recommendation from two previously opposed shareholder advisory firms that the merger be approved last week -- and approval from the board before that. According to Bloomberg, the final terms of the deal give T-Mobile parent Deutsche Telekom a 74 percent stake in the new company, with MetroPCS shareholders receiving a $1.5 billion cash payment. Most notably for T-Mobile, the deal brings nine million new prepaid customers into the fold, as well as the all-important wireless spectrum that MetroPCS currently owns.

Filed under: Mobile, T-Mobile

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Source: Bloomberg