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Today's the day that MetroPCS held a big meeting for its stockholders to vote on T-Mobile's proposed merger, and while there's been no official announcement of the results quite yet, it sounds like the deal may have been given the thumbs up. Bloomberg has been told by a MetroPCS spokesperson that the carrier's shareholders have approved the T-Mobile deal. No other details of the vote have been revealed.

The T-Mobile-MetroPCS agreement has already earned all of the regulatory approval that it needed, and so this stockholder vote is the last hurdle that the deal must clear before it can reach completion. The merger originally faced quite some opposition, but T-Mobile parent company Deutsche Telekom recently sweetened its bid for MetroPCS. That led to much of the opposition changing sides, including MetroPCS's largest shareholder, which I'm sure will help to nudge the other investors to vote in favor of the merger as well. Stay tuned and we'll update you with more details on this situation as they're available.

UPDATE: Deutsche Telekom has confirmed that MetroPCS's shareholders have approved of the deal. DT CEO René Obermann described the news as "a major step" for his company," going on to say that the MetroPCS merger is very important to his company because it allows T-Mobile to be "more aggressive" in the U.S.

Now that the T-Mobile-MetroPCS merger has gained the approval of MetroPCS's shareholders, the deal has all of the approval necessary to reach completion. Deutsche Telekom expects that the merger will close on May 1. As part of the deal, MetroPCS's stockholders will receive a cash payment of $1.5 billion along with a 26 percent stake in the new company. The combined entity will go by the legal name of "T-Mobile US." Deutsche Telekom's full announcement can be found right here.

Via @BloombergNews, Bloomberg, Deutsche Telekom


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16 Reactions to this post

"Are you excited to see MetroPCS and T-Mobile combine?"


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David Keith Gobert
David Keith Gobert The suits can do whatever they want as long as customer service, device quality, and signal strength is guaranteed to improve.
Eric J. Powers
Eric J. Powers Who would besides people on welfare?
Andrew Bissel
Andrew Bissel Yes.
Danny Rios
Danny Rios They shouldn't name metropcs TMOBILE USA? wth? they should name Metropcs MetroMobile.... Hint hint.. metro=metropcs and mobile=tmobile..... that's a better name if u ask me.. -_- unlike tmobile usa...
Andres Ventura
Andres Ventura Yes we need more bandwidth
Christopher Manic Johnson
Christopher Manic Johnson Better coverage, and a new consumer base. I'm pretty giddy seeing longtime MetroPCS customers get a taste of "postpaid" services...and devices.
Dale Rosier Jr.
Dale Rosier Jr. Tmobile service won't change except LTE. Look at metro pcs bands.
Erek IamUpzkale McKay
Erek IamUpzkale McKay Hopefully this isn't a move for T-Mobile to dump the company like they wanted to do with at&t
Hector Alvarado
Hector Alvarado No! Service still going to be mediocre
Joshua Clark
Joshua Clark I hope to see some signal improvement with tmobile and speed too.
Mark Fisher Jr.
Mark Fisher Jr. When is that going to happen?
Roger DeOliveira
Roger DeOliveira
Joel Paskings
Joel Paskings Hope I can finally get a phone upgrade for free from MetroPCS. Wished they offered it.
Hendrick Equis M
Hendrick Equis M im sure the new move that tmo did made them realize it would be a good move for them. either join them or lose to them in the lonrun
Jordan Brown
Jordan Brown I am. It will improve T-Mobile Coverage.
Elijah M. Baxter
Elijah M. Baxter Yes very excited!!!




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