T-Mobile-MetroPCS Deal Should Close Soon

**Editor’s Note: Please click


for a recap of the biggest channel-impacting mergers in Q1 2013 or


for the biggest M&A during that time in the service provider-BSS/OSS spaces.**

MetroPCS shareholders on Wednesday gave the acquisition by T-Mobile USA the thumbs-up, which means the deal is on track to close on May 1.

The FCC and Justice Department already have approved the transaction. MetroPCS stockholders followed suit after Deutsche Telekom-owned T-Mobile improved its offer Bloomberg reported that Deutsche Telekeom agreed to reduce the size of and interest rate on a loan it will provide to the merged company. Some MetroPCS shareholders had feared the T-Mobile terms would put MetroPCS too far in debt and give Deutsche Telekom the better conditions.

The deal calls for T-Mobile USA’s parent company, Germany’s Deutsche Telekom, to own 74 percent of the combined company, while MetroPCS shareholders lay claim to the remainder. MetroPCS shareholders also will share $1.5 billion in cash.

Once the acquisition closes, T-Mobile will gain 9 million new prepaid users and get access to more wireless spectrum. The company said those assets will allow it to improve network speed and quality.

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


In our Channel Influencer Awards digital issue, we highlighted eight technologies ready to "take off" in the channel this year. Which two will take off the most?

View Results

Loading ... Loading ...
The ID is: 86419