Just prior to its upcoming April 12 special shareholder meeting, MetroPCS Communications Inc. stepped up its PR campaign to convince stockholders its pending merger with T-Mobile USA is a good thing. “[The deal] will provide MetroPCS’ stockholders with an immediate $1.5 billion aggregate cash payment, or approximately $4.06 per share (prior to the reverse stock split that will occur in connection with the closing of the proposed combination), as well as an approximate 26-percent ownership stake in the combined company,” it wrote in a letter today. “The combined company will have significantly greater spectrum and financial resources than MetroPCS on a standalone basis and will be in a better position to participate in future industry growth and consolidation.” MetroPCS management also disputed a March 27 evaluation of the merger by ISS, saying the report relied on financial information that wasn’t fully documented and that spending money on new spectrum won’t boost the company’s value in the long run.

The Daily

Subscribe
Wednesday–July 28

FCC Stands By Good Faith Forfeiture Numbers

The FCC reaffirmed its decision to impose a per-station penalty of $512,228 against 17 of the 18 broadcast stations that violated the Commission’s good faith standards by refusing to negotiate retrans

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

Aug 6
Cablefax Regional Rainmakers Awards
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
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.