MetroPCS Scheduless Special Meeting of Stockholders in Connection with Proposed Combination with T-Mobile for March 28, 2013
(Benzinga Lightning Feed Via Acquire Media NewsEdge) MetroPCS Communications(NYSE: PCS) today announced that it has scheduled its Special Meeting of Stockholders in connection with its proposed combination with Deutsche Telekom's T-Mobile USA (OTC: DTEGY) for March 28, 2013, and has filed its definitive proxy statement materials with the Securities and Exchange Commission.
At the Special Meeting, MetroPCS stockholders of record as of January 31, 2013 will vote on matters relating to the combination of MetroPCS with T-Mobile. The combination of MetroPCS with T-Mobile will create the leading value wireless carrier in the United States, which will deliver an outstanding customer experience with a broad selection of affordable products and services. The combined company will be well-positioned from a competitive standpoint with significant spectrum holdings, deep nationwide network coverage and considerable network capacity. The combined company will have the scale, spectrum and financial resources to compete aggressively and successfully with the other larger U.S. wireless carriers. After a multi-year, thorough review of MetroPCS' options, with the assistance of independent financial and legal advisors, the MetroPCS board determined that this proposed combination is the best
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