DT sweetens MetroPCS deal by slashing debt

11 Apr 2013

Deutsche Telekom (DT) has sweetened the debt terms of its October 2012 proposal to merge its T-Mobile USA unit with MetroPCS Communications, Bloomberg reports. In a bid to placate shareholders, the German firm has tabled what it describes as a ‘best and final offer’, cutting the amount of debt it seeks to impose on the combined company by USD3.8 billion. The carrier has also lowered the interest rate it plans to charge on the loan by half a percentage point.

United States, Deutsche Telekom (DT), Metro by T-Mobile (formerly MetroPCS), T-Mobile US