Report: T-Mobile-MetroPCS deal could be made as early as Wednesday

Summary:Deutsche Telekom is reviewing a "sweeter bid" for U.S. wireless carrier MetroPCS, according to a new report.

t-mobile-logo

German telecom giant Deutsche Telekom is reviewing a "sweeter bid" for U.S. wireless carrier MetroPCS, and could announce a deal as early as Wednesday, according to a Wall Street Journal report.

The deal could be improved by reducing the amount of debt transferred to the new company, according to the Journal's Archibald Preuschat and Thomas Gryta. The new report contradicts a Deutsche Telekom statement to FierceWireless last Thursday that denied a Reuters exclusive with the same news.

The he said, she said gyrations come as Deutsche Telekom faces considerable shareholder opposition to the terms of the proposed merger of its U.S. arm, T-Mobile USA, with MetroPCS. That deal -- which has been approved by regulators -- offers MetroPCS shareholders approximately $4 per share in cash and a 26 percent stake in the combined company; the new entity would take on more than $20 billion in debt.

Previously on ZDNet:

Topics: Mobility

About

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.