T-Mobile is finally getting an Apple ( AAPL - Get Report) iPhone 5 it can call its own. The T-Mobile iPhone will be among the first to be priced under its new no-contract plan. That means the iPhone -- as well as the Samsung Galaxy Note II, the BlackBerry ( BBRY) Z10 (which went on sale this week), the upcoming Samsung Galaxy S IV (expected May 1) and the HTC One will sell for $99 down and $20 per month for 24 months. The model is designed to take advantage of the company's new LTE network that T-Mobile says it's building across the country. Unlike other iPhone models, T-Mobile unit will benefit from being able to "fall back" to its current HSPA+ 4G network speeds instead of the 2G or 3G back-ups that other carriers use. That idea is part of T-Mobile's plan for simplifying how consumers buy and pay for a phone. The company calls itself the "un-carrier." Unlike other major carriers, T-Mobile is offering no-contract plans with unlimited voice, text and messaging plus a minimum of 500 KB of data for $50 a month. Additional data will be added at cost in 2 GB increments. T-Mobile estimates that after two years, users will be done paying for their phone. Comparing the new plans with the competition (the company used AT&T ( T) as an example), T-Mobile estimates the savings as more than $1,000 over a two-year span. MetroPCS shares traded higher for the week, closing the first quarter of 2013 up 9.7%.
The biggest private equity buyout since the financial crisis has received a reboot after Dell ( DELL) said on Monday it has two new takeover proposals that trump a $13.65-a-share offer the company struck with founder Michael Dell and private equity firm Silver Lake Partners in early February. A special committee seeking a higher takeover price for Dell said a consortium of investors led by the Blackstone Group ( BX) have submitted a $14.25-a-share propsal that would allow Dell shareholders either to receive a cash payment at that value or continue to own their publicly traded holding. Francisco Partners and Insight Venture Management will participate in the Blackstone investor group.