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4G/3G/WiFi

MetroPCS Urges Shareholders to Vote for T-Mobile Merger

MetroPCS has written to its shareholders asking them to vote yes on the proposed T-Mobile USA merger. The carrier released the letter on Monday morning. The stockholder vote is due to happen on April 12. MetroPCS writes that there are "compelling benefits" to its merger with T-Mobile and no other contenders that could buy the company. "As a result, MetroPCS' stockholders should not assume that another buyer will acquire MetroPCS if the proposed combination is not approved," the operator says. MetroPCS says that the combined company promises five-year -- from 2012 to 2017 -- compounded annual growth rates in the range of 3 percent to 5 percent for revenues, 7 percent to 10 percent for EBITDA and 15 percent to 20 percent for free cash flow. The combined company is also expected to have "at least 20x20 MHz [bandwidth] in approximately 90 percent of top 25 metro areas by 2014+" for its 4G LTE deployment. Why this matters
Two out of three MetroPCS shareholder advisory firms have said that the deal as it stands doesn't offer good enough terms. For more — Dan Jones, Site Editor, Light Reading Mobile

DanJones 4/1/2013 | 8:34:09 PM
re: MetroPCS Urges Shareholders to Vote for T-Mobile Merger Going to be strange if the merger sails through the regulatory process but gets stalled by shareholders.
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