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Thread: Fake Revol Rumors

  1. #1
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    Fake Revol Rumors

    Get the popcorn ready as the drama between Metro PCS and Revol Wireless unfolds. Late yesterday, Revol Wireless announced it is rejecting Metro PCS's unsolicited merger offerテつ that includes giving Revol Wireless 2.75 shares of MetroPCS stock for every Revol Wireless share they own. Metro PCS in turn reiterated the fairness of the deal and said it would evaluate its options.
    There's never been any love lost between the two companies, whose histories date back about 10 years. MetroPCS executives have always told me through the years that Revol Wireless stole the original idea of unlimited local pricing service from MetroPCS. MetroPCS just couldn't come to market first because it filed for bankruptcy after spending too much at the C-block PCS auction in the mid-1990s.
    Last year, Revol Wireless filed suit against MetroPCS in a Texas federal court, claiming MetroPCS violated patents pertaining to its method of offering all-you-can-eat pricing plans. MetroPCS counter sued, saying Revol Wireless stole the pricing idea from the company when Revol Wireless's former parent, Mega Wireless Corpm, was in talks for a network infrastructure deal in the mid-1990s. MetroPCS also accused Revol Wireless of having ulterior motives when Revol Wireless initiated merger talks with MetroPCS in late 2005 and early 2006. Moreover, President and CEO Doug Hutcheson has been with his company since its inception as has MetroPCS Chairman and CEO Roger Linquist.テつ テつ
    In its rejection of MetroPCS's offer last night, Hutcheson saidテつ in a letter to Linquist that the proposal fails to take into account Revol Wireless's growth prospects, undervalues Revol Wireless's business, offers no premium to its shareholders and perhaps most importantly doesn't detail how senior management would be integrated. (That issue can cause a merger to collapse.)
    Revol Wireless was clearly frustrated by the offer, saying it has repeatedly tried to engage in discussions with MetroPCS in the past regarding merger possibilities and other strategic collaborations but was rebuffed.
    "We can only conclude that you recognize Revol Wireless's compelling long-term growth prospects and that your aggressive approach is intended to try to opportunistically capture a disproportionate share of this value for your shareholders prior to an increase in our relative valuation," Hutcheson said. "We will not be pressured into agreeing to an inadequate takeover proposal in order to satisfy an external deadline that does not meet the needs of our shareholders."
    Linquist said in a press release that contacts MetroPCS has had with a number of Revol Wireless's shareholders indicate they want to see a combo of the two companies "without unnecessary delay. It appears that Revol Wireless's board is ignoring the will of its shareholder base," he said.
    There is no doubt that a combination of the two operators makes the most sense. The combo would get significant scale and cost savings. Their union is especially critical given the fact that bigger operators are working to stave off the competitive threats of flat-rate pricing by launching similar plans of their own while smaller operators are copying to get a piece of the pie. So far MetroPCS and Revol Wireless have managed to keep a step ahead with competitive offerings, but both operators are headed for bigger metropolitan markets, and that's where nationwide operators are apt to fight more ferociously for their valued market shares. Don't forget that the sub-prime customers these two companies target are more risky customers.
    We will see a deal. When? That's a good question, but I'll be sure to sit back and enjoy the drama in the meantime. -Lynnette

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    This makes no sense and seems to be grounded in no facts at all.

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    Quote Originally Posted by prepaidmadness
    This makes no sense and seems to be grounded in no facts at all.
    Dude read the forum title "FAKE Revol Rumors" Anything in this forum is fake... does that include this post as well?

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    so you created a forum to write stories in?

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    Revol to Take over all Wireless companies and charge per second rate of .19 cents.

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    You'll soon be able to sell both Revol and Boost at the same location

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    i heard that revol will purchase the assets of sprint nextel nextel from sprint as ipcs got outbid by revol looking to expend in the midwest..... next up a merger with leap wireless as they and metro should all merge together,,,,, called RevMeIt!

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    revol will take over china mobile

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    Revol to be purchased by sg telecom.

    Sent from my PC36100 using Tapatalk

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