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Monday, April 15, 2013

MetroPCS urges shareholders to vote for amended T-Mobile deal, (NYSE: PCS)

MetroPCS Communications amended the terms for its proposed merger with Deutsche Telekom unit T-Mobile USA, and asked shareholders to vote for the deal. The move follows Deutsche Telekom sweetening its offer last Wednesday, bowing to pressure from activists and proxy advisory firms.

MetroPCS Communications, Inc. (MetroPCS Communications) is a wireless telecommunications carrier, which offers wireless broadband mobile services primarily in selected metropolitan areas in the United States, including the Atlanta, Boston, Dallas/Fort Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco and Tampa/Sarasota metropolitan areas. Shares of PCS remained unchanged at $11.52. In the past year, the shares have traded as low as $5.53 and as high as $14.51. On average, 7752640 shares of PCS exchange hands on a given day and today's volume is recorded at 0.



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