T-Mobile Issues Press Release Regarding FCC Approval Of MetroPCS Combination

Metro_Carly

With FCC approval now behind them, T-Mobile’s issued a new statement providing a current update on the proposed combination with MetroPCS.  As the statement highlights, all that remains is a special meeting for MetroPCS shareholders to vote on the proposed combination. The upcoming vote on April 12th remains the last obstacle toward creating a “value leader in the United States wireless marketplace.” The deal is expected to close shortly after the shareholder meeting as the Metro board unanimously recommends the proposed combination. The board is attempting to mitigate concerns raised by two prominent shareholders arguing that Metro’s future is uncertain and that any proposed T-Mobile combination is the best course of action.

If stockholders vote against the proposed combination, there is no assurance that MetroPCS will be able to deliver the same or better stockholder value.

The full statement follows:

 

T-Mobile USA and MetroPCS Announce FCC Approval of Proposed Combination

Bonn, Germany; Bellevue, WA; and Richardson, TX (March 12, 2013) – Deutsche Telekom AG (XETRA: DTE; “Deutsche Telekom”), T-Mobile USA, Inc. (“T-Mobile”) and MetroPCS Communications, Inc. (NYSE: PCS; “MetroPCS”) today announced that the Federal Communications Commission (“FCC”) has approved the proposed combination of T-Mobile USA, a wholly-owned subsidiary of Deutsche Telekom, and MetroPCS.

“The FCC’s approval marks another significant milestone in bringing our two companies together, and we appreciate the Commission’s timely approval. We look forward to completing the transaction and delivering the significant customer and stockholder benefits that this combination will make possible,” said John Legere, President and CEO of T-Mobile. “Our combined company will have the products, spectrum, scale and resources to shake up this industry and deliver an entirely new wireless experience.”

“We are pleased with the FCC’s approval of the proposed transaction,” said Roger D. Linquist, Chief Executive Officer and Chairman of the Board of MetroPCS. “We thank the FCC for its prompt review of our proposed combination with T-Mobile, which will create the value leader in the United States wireless marketplace.”

On March 5, 2013, MetroPCS announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had expired. The proposed combination remains subject to the approval of MetroPCS stockholders.

A Special Meeting of MetroPCS stockholders to vote on matters relating to the proposed combination of MetroPCS with T-Mobile has been scheduled for April 12, 2013. MetroPCS stockholders of record as of the close of business on March 11, 2013 are entitled to vote at the Special Meeting. The combination is expected to close shortly after the Special Meeting.

The MetroPCS board unanimously recommends that stockholders vote their shares FOR all of the proposals relating to the proposed combination with T-Mobile by returning the GREEN proxy card they will receive in due course with a “FOR” vote for all proposals. The failure to vote or an abstention has the same effect as a vote against the proposed combination. Because some of the proposals required to close the proposed transaction require at least an affirmative vote of a majority of all outstanding shares, MetroPCS stockholders’ votes are important. If stockholders vote against the proposed combination, there is no assurance that MetroPCS will be able to deliver the same or better stockholder value.

The Company urges stockholders to discard any white proxy cards, which were sent by a dissident stockholder. If a stockholder previously submitted a white proxy card, the Company urges them to cast their vote as instructed on the GREEN proxy card, which will revoke any earlier dated proxy card that was submitted, including any white proxy card.

Stockholders who have questions or need assistance voting their shares should contact the Company’s proxy solicitor, MacKenzie Partners, Inc. toll-free at (800) 322-2885 or call collect at (212) 929-5500.

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  • http://twitter.com/rjflyn rjflyn

    Getro Mobile

  • Dion Mac

    Battle of the Stockholders!

    • Michael Lococo

      Don’t fall for that… That is just smoke screen to try to boost their share price. Everyone will fall in line in the end. All about the Benjamens!

      • Baxter DeBerry

        …. by that you mean merge with the big 2.. ha funny..

  • TotoyPogi

    Group Hug!!!

  • Joanna90

    I know this has nothing to do but does anyone know since when did tmobile allowed 3G/4G roaming in Mexico? I was just in Mexico city ,Guadalajara and Tijuana and i saw something i never ever seen before on my 6 years of being a tmobile customer that goes to Mexico every year my s3 n lg optimus l9 were displaying “4G” while roaming on TELCEL Mexico. Same thing when it roamed on MOVISTAR MX. I thought it was a phone glitch or something but when i put the phones on gsm only they showed “2G” then i put them wcdma only and they displayed “4G” Did a speed test when it said 2G didnt even get 1 mbp, did speed test when it said 4G got 9-11 mbps on TELCEL ,and 6-8 on Movistar. So does anyone know when did they allow this cuz all the times i been to Mexico i was always getting edge on tmobile , Now i was shocked it gets 3G/4G.

    • DT

      T-mobile most likely allowed for customers to roam on 4g in different countries based on the roaming agreement they had. It is most likely your phone since your phone can run on PCS 1900 Mhz for 3g/4g. Anything with international roaming is expensive though.

    • Rudy Belova

      I live near the border in san diego and can hop on mexican HSPA and even LTE just fine using my old note 2, same with my nexus 4 with HSPA+.

      It’s throttled for me still. (60kbps or so)

  • tech916

    Its Ghetto Time…..time to switch

    • nycplayboy78

      Bye BITCH!!!! ^^

  • spotter

    This is off topc. but how does one register for the forums here? registration has been disabled forever!

    • http://profiles.google.com/mrice.hill Mr. Hill

      Use your gmail

  • M42

    Did that guy in the photo grab Carly on the butt?

  • me

    That’s cute, Carly making a visit to T-Mobile customer service reps……

    • http://profiles.google.com/mrice.hill Mr. Hill

      Hahaha!