MetroPCS Communications, Inc. (PCS) said Wednesday evening that it has rescheduled its special meeting of stockholders to April 24. The meeting is to vote on matters relating to the proposed combination of the company with Deutsche Telekom AG's (DTEGY.PK) T-Mobile USA, Inc.
The decision to postpone the meeting was mutually agreed upon by the company and Deutsche Telekom to allow MetroPCS stockholders additional time to consider the proposal from the German firm to revise the business combination agreement between the two companies.
It was in November 2012 that the two companies agreed to combine Deutsche Telekom's U.S. unit T-Mobile USA and MetroPCS. The combined company is to retain the T-Mobile name.
The proposed combination was to provide stockholders with an immediate $1.5 billion aggregate cash payment, or around $4.06 per share, as well as an approximate 26 percent ownership stake in the combined company, which allows them to participate in the expected equity upside of the combination.
Meanwhile, reports indicated that Deutsche Telekom has sweetened its terms for the offer by reducing the combined company's debt load by $3.8 billion from a proposed $15 billion. The parent company will also reduce the interest rate on the debt by 50 basis points.
Deutsche Telekom has also extended the lock-up period from 6 months to 18 months after the closing of the deal.
PCS closed up 3.3 percent on Wednesday at $11.56 and added 2.4 percent in the extended trade.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.