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

Subscribe

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

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.