4/12/2013

Recalcitrant MetroPCS shareholders have changed their minds and will vote in favor of merging with T-Mobile USA, they said Thursday after parent Deutsche Telekom revised the deal terms on Wednesday to reduce the new company's debt load and interest rate. Fearing a defeat, MetroPCS had earlier delayed the vote by 12 days to April 24. "This puts the new company under less pressure and gives them more strategic flexibility," said Jonathan Chaplin, an analyst at New Street Research.

Related Summaries