MetroPCS board unanimously approves new T-Mobile merger terms

The merger between T-Mobile and MetroPCS is very close to getting official now that Deutsche Telekom’s revised offer has led some major shareholders to drop their objections to the deal. MetroPCS announced on Monday that its board of directors had unanimously approved the new merger terms and said that the revised deal “significantly improves the value of the proposed combination for MetroPCS stockholders” while adding that the proposed merger “is in the best interest of all MetroPCS stockholders.” The MetroPCS merger is the linchpin of T-Mobile’s strategy to expand its operations in the United States since the prepaid wireless carrier already offers LTE services in several major metropolitan markets. MetroPCS shareholders are scheduled to vote to approve or reject the merger on April 24th.