Earlier today, MetroPCS shareholders gave the Texas-based carrier’s pending merger with T-Mobile USA their stamp of approval. As such, the MetroPCS consolidation into T-Mobile USA parent Deutsche Telekom Group will conclude May 1. Here’s what happens next: MetroPCS shareholders as of March 11 will receive an advanced cash payment of approximately $1.5 billion from their company, followed by a reverse stock split of the MetroPCS shares before the company is merged with T-Mobile USA. After the deal is finalized next week, the former MetroPCS shareholders will receive 26 percent of the shares of the new company, while Deutsche Telekom will hold the remaining majority shares.

The Daily


WICT Reveals Touchstones Honorees

WICT announced its 2021 Women of the Year and Women to Watch honorees Friday, acknowledging the individuals embodying WICT’s mission to transform the industry through female leadership. Noopur Davis , evp

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