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Deutsche Telekom Denies Reports They Will “Sweeten” MetroPCS Merger Terms

In response to a Reuters report this morning (that I was in the middle of typing up as this new report came out) Deutsche Telekom denies that they will sweeten the deal with MetroPCS. “We are not considering changing the terms of the proposed merger,” DT spokesman Philipp Kornstaedt told FierceWireless. The Reuters report had cited two unnamed sources that DT is considering sweetening the deal to help get approval from Metro shareholders. The report had come … [read full article]

As Opponents Score Wins, Analyst Says T-Mobile/MetroPCS Deal Won’t Complete Under Current Conditions

Opposition to T-Mobile’s proposed merger with MetroPCS gained traction last week as two separate shareholder advisory firms came out against the deal. Now, P. Schoenfeld Asset Management, one of the loudest opponents of the deal is using the swing momentum by scheduling a webcast for April 4th to explain its position. Two of the most highly respected corporate governance advisory firms have now come out against the merger,” P. Schoenfeld Asset Management said in a statement. “It … [read full article]

T-Mobile, MetroPCS Deal Hit With Another Advisory Firm Urging Shareholders To Reject Merger

T-Mobile’s proposed merger with MetroPCS was handed another blow this morning as the last major proxy advisory firm recommended against the deal. In its findings, Glass Lewis & Co found the proposed deal lacked in several significant ways, including how MetroPCS agreed to the deal and the compensation shareholders would receive. Glass Lewis joins Institutional Shareholder Services in advising shareholders to vote against the proposed deal. Both advisory groups have sided with Paulson … [read full article]

Advisory Firm Tells MetroPCS Shareholders Not To Vote For T-Mobile Deal

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Things are looking a little bleaker for the MetroPCS/T-Mobile merger as Institutional Shareholder Services Inc has come out in opposition of the merger. ISS, an investor-advisory firm helping companies manage large investments released a report suggesting MetroPCS shareholders can get a better deal from another company. “The ultimate question for PCS holders, therefore, is whether this offer is sufficient compensation for putting control of their investment in the hands of another strategic, DT, under whose control … [read full article]

Another Major MetroPCS Investor Voices Concern Over T-Mobile Merger

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For the second time this week, another major MetroPCS investor has voiced concern over the terms of the T-Mobile merger. Paulson & Co., the biggest MetroPCS shareholder with an 8.7% stake in the company is said to be withholding its decision on whether to vote for the transaction until it sees the final proxy statement. Paulson says the combined company ““has too much debt, the interest rate on Deutsche Telekom’s debt financing is too high, and the exchange … [read full article]

Deutsche Telekom Defends MetroPCS Deal Against Shareholder Complaints

As small but influential groups of shareholders openly discuss their discontent with the MetroPCS board and the decision to merge with T-Mobile USA, their parent company defends the deal. Deutsche Telekom’s defense comes as P. Schoenfeld Asset Management disclosed a letter sent to the MetroPCS board at the end of January calling the deal with T-Mobile “unsustainable” and recommending the company remain a stand-alone entity for the time being. For its part, Deutsche Telekom … [read full article]

Deutsche Telekom CEO Rene Obermann Announces He Will Step Down Next Year

In a move that might make most of you yawn and move on, Deutsche Telekom CEO Rene Obermann has announced he will step down from the T-Mobile USA parent company next year. Obermann requested that the termination date for his contract be December 31st of 2013, allowing plenty of time for his successor, current Deutsche Telekom CFO Timotheus Hottges to step into the role. There’s no sign how or if this move will affect the Deutsche … [read full article]

T-Mobile CEO Hopes iPhone Will Stop Customer Losses In 2013

Speaking to reporters following T-Mobile’s Apple agreement announcement, CEO John Legere offered an incredibly lofty goal for 2013. Legere’s hope with the addition of the iPhone to T-Mobile’s lineup is that the company can stop the leaking customer faucet and help return the company to subscriber growth as early as 2013. “It is an aggressive target but we think it is possible,” said Legere. It’s an aggressive goal to be sure and a comment that mirrors his earlier … [read full article]

MetroPCS Will Launch Three New Markets If T-Mobile Deal Is Approved

Taking the stage at the UBS Global Media and Communications Conference earlier today, MetroPCS Chairman and CEO Roger Linquist and CFO Braxton Carter discussed the pending deal with T-Mobile. Specifically, Linquist discussed that 2013 will be a year of stabilization for T-Mobile’s postpaid customer base and a year of growth for MetroPCS. In fact, Carter says that MetroPCS will expand its service to 3 additional markets if the T-Mobile deal is approved. MetroPCS officials wouldn’t discuss … [read full article]