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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI