MetroPCS Communications (PCS) approved amended terms for its proposed merger with Deutsche Telekom (DTEGY) unit T-Mobile USA, and asked shareholders to vote yes at the April 24 special meeting. Deutsche Telekom last week sweetened its offer, bowing to pressure from large shareholders that the original deal undervalued the company and saddled it with too much debt. MetroPCS shares fell 4.1% to 11.05.
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- Deutsche Telekom