News by Andrew Kameka on Wednesday March 06, 2013.
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The proposed reverse merger between T-Mobile USA and MetroPCS won't be opposed by the Department of Justice. The review period for the DOJ to attempt to block the merger has passed, leaving only a few more steps for the deal to go through. The DOJ's decision not to block the merger still removes an important roadblock to MetroPCS and T-Mobile's plans. Opposition from the Justice Department and FCC led AT&T to abandon its plans to acquire T-Mobile USA from Deutsche Telekom last year.
T-Mobile and MetroPCS still need to gain the approval of the FCC and MetroPCS shareholders, the latter of which is not guaranteed. MetroPCS is already facing a lawsuit from shareholders who disprove of the deal, and its largest shareholder has publicly stated that "MetroPCS is worth more as a stand-alone company." Despite recommendations from the MetroPCS board that merging with T-Mobile will be the best value for customers, there's no sign that a majority of shareholders will agree when it holds a vote on the proposal April 12.source: MetroPCS, via: TmoNews
Andrew is MobileBurn.com's managing editor. He is based in Miami, Florida.