(http://www.blogcdn.com/www.engadget.com/media/2012/11/metropcstmo-1353427321.jpg) (http://www.engadget.com/2013/04/24/metropcs-shareholders-approve-t-mobile-merger/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget)
It hit a few snags along the way, but T-Mobile's merger (http://www.engadget.com/tag/t-mobile,metropcs/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget) with MetroPCS now appears to be all but a done deal. Bloomberg is reporting that MetroPCS shareholders voted to approve the deal this morning, following a recommendation from two previously opposed shareholder advisory firms that the merger be approved last week -- and approval from the board (http://www.engadget.com/2013/04/15/metropcs-approves-deustche-telekoms-merger-offer/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget) before that. According to Bloomberg, the final terms of the deal give T-Mobile parent Deutsche Telekom a 74 percent stake in the new company, with MetroPCS shareholders receiving a $1.5 billion cash payment. Most notably for T-Mobile, the deal brings nine million new prepaid customers into the fold, as well as the all-important wireless spectrum that MetroPCS currently owns.
Filed under: Mobile (http://www.engadget.com/category/mobile/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget), T-Mobile (http://www.engadget.com/category/t-mobile/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget)
Comments (http://www.engadget.com/2013/04/24/metropcs-shareholders-approve-t-mobile-merger/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget#comments)
Source: Bloomberg (http://www.bloomberg.com/news/2013-04-24/metropcs-shareholders-approve-t-mobile-merger-to-challenge-at-t.html)
Via: Engadget