MetroPCS Shareholders Give T-Mobile Merger Their Blessing To Go Ahead
After the failed bid by AT&T to merge with T-Mobile back in 2011, 2012 saw T-Mobile and MetroPCS attempt a similar deal of their own. To date the FCC and the US DoJ have given the merger the green light to go ahead, and now according to reports by Bloomberg and Reuters, it seems that MetroPCS shareholders have given the merger their blessing as well. The merger is expected to allow T-Mobile to expand their network across the US, although there was small hiccup back in March as the vote from shareholders was delayed due to pressure from the shareholders who felt that the deal could have been better. Reportedly Deutsche Telekom, the parent company of T-Mobile USA, sweetened the deal which helped the vote to proceed. We’re not sure if T-Mobile and MetroPCS will be able to conclude their deal by the middle of 2013 which was originally planned, but at least for the most part, it seems that it has been a pretty smooth ride.
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