Deutsche Telekom Sweetens T-Mobile Offer For MetroPCS

Law360, New York (April 10, 2013, 9:53 PM EDT) -- Apparently bowing to pressure from investors and proxy advisers, Deutsche Telekom AG on Wednesday reportedly revised its subsidiary T-Mobile USA Inc.'s $1.5 billion offer for MetroPCS Communications Inc. by lowering the amount of debt that will be transferred to the new company.

The German telecommunications firm announced the sweetened offer just two days before shareholders were scheduled to vote on the deal, which would combine MetroPCS with Deutsche Telekom's T-Mobile unit, the New York Times reported. MetroPCS will now delay the vote until April 24 to...
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