The fourth- and fifth-largest wireless providers, respectively, in the United States, are eager to join forces as they face competition from Verizon Wireless, AT&T and Sprint Nextel. 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.
Now the operators face one last hurdle: approval from the largest MetroPCS stock owners. At least one says the deal would put MetroPCS too far in debt and give Deutsche Telekom a better deal than MetroPCS would get. A shareholder vote is scheduled for April 12.
The T-Mobile-MetroPCS transaction comes after AT&T last year failed to secure regulatory approval for a purchase of T-Mobile.
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January 23 2019 @ 17:20:04 UTC
.@Twilio names new channel exec after the unexpected passing of Ron Huddleston in October. goo.gl/fb/nbVk6h
January 22 2019 @ 22:01:08 UTC