MetroPCS puts off vote after Deutsche Telekom improves offer

04/11/2013 | Wall Street Journal, The · All Things D · Verge, The

Facing a potential revolt from MetroPCS shareholders, Deutsche Telekom on Wednesday made its "best and final offer" to merge its T-Mobile USA unit with the carrier, a move that led MetroPCS to delay its vote on the bid by 12 days to April 24. DT curtailed by $3.8 billion the amount of debt that the merged company would carry and sliced its interest rate by half a percentage point. The German operator also promised not to sell its shares in the new carrier for 18 months. All other terms remain the same.

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Wall Street Journal, The · All Things D · Verge, The

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