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MetroPCS shareholders approve T-Mobile deal

By Victor Hristov

Published: Apr 24, 2013, 9:34 AM

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MetroPCS shareholders have finally approved the T-Mobile takeover bid and this was the last of the steps needed before the deal gets finalized. The decision comes after T-Mobile owner sweetened the deal by reducing loan and cutting interest rate.

By acquiring MetroPCS, T-Mobile will be able to add the 9 million MetroPCS customers to its base as well as get a very important spectrum chunk.

All 12 suggested measures were approved in a meeting today, and Paulson, the largest MetroPCS stakeholder, owned by billionaire John Paulson, has also agreed. The T-Mobile/MetroPCS merger has already gone through the regulatory approval process, so there are no other legal hurdles.

When the deal closes, Deutsche Telekom will have a 74% stake in the new company and MetroPCS shareholders will get a $1.5 billion cash payment.

source: Bloomberg

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Victor, a seasoned mobile technology expert, has spent over a decade at PhoneArena, exploring the depths of mobile photography and reviewing hundreds of smartphones across Android and iOS ecosystems. His passion for technology, coupled with his extensive knowledge of smartphone cameras and battery life, has positioned him as a leading voice in the mobile tech industry.

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