MetroPCS passed all regulatory hurdles standing in the way of its merger with T-Mobile USA, but now the carrier faces a vote from its stockholders. A special meeting to decide the fate of the T-Mobile merger will be held on April 12th, and, according to Reuters, a thumbs-up vote is not a given.
MetroPCS is courting its stockholders to get final approval for the deal. In a letter sent to stockholders on Monday, the wireless carrier claimed T-Mobile is the future for the carrier and said there is no assurance that the company will survive on its own.
Some stockholders, including the biggest MetroPCS shareholder But Paulson & Co, are not impressed with the deal and are vowing to vote against it during the mid-April meeting.
[Via Reuters]