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US: MetroPCS pleads with shareholders: Ignore merger protests

By  |  April 1, 2013
US: MetroPCS pleads with shareholders: Ignore merger protests

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.

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