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


Cable Center Sets Hall of Fame Date

The Cable Center rescheduled its 23rd annual Cable Hall of Fame celebration to Oct 20 at the Ziegfeld Ballroom in NYC. The event honoring the 2020 inductees was originally set for April 30 of last year, but

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