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Germany: Revised Deutsche Telekom offer finds backing

 |  April 16, 2013

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.

Full Content: Wall Street Journal

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