MetroPCS urges shareholders to vote for amended T-Mobile deal

April 15 Mon Apr 15, 2013 7:46am EDT

April 15 (Reuters) - 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.

The new terms include reducing the combined company debt by $3.8 billion to $11.2 billion and lowering the interest rate on the debt by 50 basis points.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.