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.

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Friday–April 26

NTIA Approves 3 More State BEAD Volume II Proposals

NTIA has approved Kansas, Nevada and West Virginia’s Volume II broadband grant proposals for the $42.5 BEAD program. They join Louisiana, which became the first state to have its Volume II proposal approved

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