T-Mobile deal gets MetroPCS shareholder approval

04/24/2013 | Bloomberg Businessweek · Wall Street Journal, The · Nasdaq.com

T-Mobile USA's merger with MetroPCS is expected to close April 30 after MetroPCS shareholders on Wednesday approved the deal that would join the nation's fourth- and fifth-largest carriers. T-Mobile parent Deutsche Telekom will hold a 74% stake in the new company. Shareholders decided to vote in favor of the deal after DT sweetened the terms of its offer. Separately, MetroPCS said churn fell to record low levels in the first quarter as average revenue per subscriber grew by 40 cents year over year to $40.96 and the carrier's 4G subscribers reached 3.5 million, 39% of its total base.

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Bloomberg Businessweek · Wall Street Journal, The · Nasdaq.com

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