MetroPCS shareholders vote to approve T-Mobile merger

It hit a few snags along the way, but T-Mobile's merger with MetroPCS now appears to be all but a done deal. Bloomberg is reporting that MetroPCS shareholders voted to approve the deal this morning, following a recommendation from two previously opposed shareholder advisory firms that the merger be approved last week -- and approval from the board before that. According to Bloomberg, the final terms of the deal give T-Mobile parent Deutsche Telekom a 74 percent stake in the new company, with MetroPCS shareholders receiving a $1.5 billion cash payment. Most notably for T-Mobile, the deal brings nine million new prepaid customers into the fold, as well as the all-important wireless spectrum that MetroPCS currently owns.

Filed under: Mobile, T-Mobile

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Source: Bloomberg

Source: http://www.engadget.com/2013/04/24/metropcs-shareholders-approve-t-mobile-merger/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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