Deutsche Telekom Denies Report It's Considering Higher Bid for MetroPCS
April 04 2013 - 10:18AM
Dow Jones News
FRANKFURT--Germany's Deutsche Telekom AG (DTE.XE) Thursday
denied a report that said it's considering a higher bid for
U.S.-based MetroPCS Communications Inc. (PCS), which it aims to
merge with its U.S. wireless business T-Mobile USA.
Speaking to Dow Jones via telephone, Deutsche Telekom spokesman
Philipp Kornstadt denied a Reuters report on Thursday that the
German company is considering sweetening the terms but that a final
decision had not yet been made.
MetroPCS shareholders are set to vote on the transaction April
12.
Proxy advisory firms, including Glass Lewis & Co. and
Institutional Shareholder Services Inc., have recommended MetroPCS
shareholders reject the deal, as they consider the terms
unfavorable for shareholders.
Write to Archibald Preuschat at
archibald.preuschat@dowjones.com
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