Latest in Deutsche telekom

Image credit:

MetroPCS shareholders vote to approve T-Mobile merger

Share
Tweet
Share

Sponsored Links

It hit a few snags along the way, but T-Mobile's merger 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 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.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The 2020 Engadget Holiday Gift Guide

The 2020 Engadget Holiday Gift Guide

View
'Marvel's Avengers' hasn't turned a profit yet

'Marvel's Avengers' hasn't turned a profit yet

View
The best TV deals we could find for Black Friday

The best TV deals we could find for Black Friday

View
The best microSD card, SSD and other storage deals we found for Black Friday

The best microSD card, SSD and other storage deals we found for Black Friday

View
Amazon cuts the price of its Fire HD Tablets in the run-up to Black Friday

Amazon cuts the price of its Fire HD Tablets in the run-up to Black Friday

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr