A PYMNTS Company

US: MetroPCS pleads with shareholders: Ignore merger protests

By  |  April 1, 2013

As MetroPCS continues to rally for its merger with T-Mobile, owned by Deustche Telekom, the wireless company has asked its investors to ignore protests against the plan as two of its investors have already stepped forward saying they would not approve of the deal. According to reports, MetroPCS is set on the deal as a way for the carrier to combine forces for more leverage competition against the giants like AT&T and Verizon. The acquisition would place 74 percent of MetroPCS with Deutsche Telekom; MetroPCS would pay $1.5 billion to shareholders. But the largest of MetroPCS’s investors, Paulson & Co., those terms are insufficient to support the deal. Others have similarly opposed it.

    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: Forbes

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