Deutsche Telekom AG Steps Up Battle To Secure Metropcs Communications Inc Merger-Reuters

Monday, 25 Mar 2013 02:21pm EDT 

Reuters reported that Deutsche Telekom AG is on a final charm offensive to win over Metropcs Communications Inc shareholders to a merger with its U.S. business, which it needs to close the gap with bigger U.S. rivals and free up resources to invest in Germany. While MetroPCS agreed the deal in October, activist shareholders holding about 12% of its stock contest the terms and are campaigning for others to help vote it down. 

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