MetroPCS shareholders give T-Mobile merger the thumbs-up

25 Apr 2013

MetroPCS’ shareholders have approved the company’s previously-agreed merger with Deutsche Telekom’s larger T-Mobile USA unit, clearing the final hurdle for the merger of the nation’s fourth- and fifth-largest mobile carriers. Earlier this month the German telecoms giant improved the terms of its initial offer in a bid to win over reluctant shareholders. 93% of MetroPCS shareholders are believed to have given their approval of the merger, during a special meeting at the Texan cellco’s headquarters. The deal has received all necessary regulatory approvals, and is expected to close on 1 May 2013.

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