T-Mobile Nears Improved Offer for MetroPCS
Deutsche Telekom AG is reviewing a sweeter bid for U.S. wireless carrier MetroPCS Communications Inc., people familiar with the matter said. The company is likely to improve the terms and could announce them as early as Wednesday, one of the people said.
The German telecom company is trying to save a deal to merge its U.S. unit, T-Mobile USA, with MetroPCS in the face of heavy shareholder opposition over the terms. The new terms would likely include a reduction in the amount of debt that will be transferred to the new company, a change some MetroPCS shareholders have sought, the people said.