A PYMNTS Company

Germany: Revised Deutsche Telekom offer finds backing

By  |  April 16, 2013
Germany: Revised Deutsche Telekom offer finds backing

After revising its merger plan, Germany-based Dutsche Telekom AG has found renewed support in its deal with MetroPCS Communications. According to reports, MetroPCS announced its approval of the revised agreement, which issues less of MetroPCS’s debt to Deutsche Telekom by $3.8 billion while additionally reducing the interest rate on Deutsche Telekom’s T-Mobile USA Inc. MetroPCS said the wireless carrier will have more financial flexibility thanks to the revised terms of the deal. After a failed bid to sell T-Mobile USA entirely to AT&T for $39 billion, Deutsche Telekom is now looking to rebuild T-Mobile through the MetroPCS deal and potentially sell the carrier later on, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.