Metro PCS expects shareholders to back T-Mobile deal
BARCELONA (Reuters) - Metro PCS PCS.N expects its shareholders to back its deal to merge with T-Mobile USA (DTEGn.DE) in a vote planned for February or March, its finance officer said on Friday.
Braxton Carter told a Morgan Stanley investor conference that the group had held talks with several suitors but was now 100 percent behind the deal with T-Mobile.
T-Mobile USA, a unit of Deutsche Telekom, and MetroPCS said last month that they wanted to merge their companies, creating a stronger number four on the U.S. wireless market.
Analysts and bankers have been expecting a fresh round of consolidation there since AT&T Inc's (T.N) bid to buy T-Mobile USA collapsed late last year. (Reporting by Kate Holton; editing by Leila Abboud)
PORCIA, Italy - The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.