DOJ Hits MetroPCS for More Details Regarding T-Mobile Deal
MetroPCS today announced that the U.S. Department of Justice has filed an official request for more information from the prepaid carrier concerning its pending merger with T-Mobile USA. According to MetroPCS, it will comply with the order and turn over whatever documents the government requests. It said the net effect of the request will be to extend the regulatory review period by about 30 days, as long as all parties (MetroPCS, T-Mobile USA, and Deutsche Telekom) comply with the order and submit the necessary documentation. MetroPCS noted that the deal still needs to meet shareholder approval, but it expects that shareholders and the government will greenlight the transaction so that it might close by the middle of 2013.
|The Government needs to back off.||htij143||
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