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T-Mobile Withdraws Anti-Net Neutrality Lawsuit

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May 20, 2013, 11:32 AM
How many times do we need to go through this... It was a reverse merger, which albeit is a little more complicated, but basically means DT essentially "gave" MetroPCS TMO on credit, and over time Metro will be making payments to gradually "own" TMO. It's probably easier to write up the other way around, but not at all accurate.

May 20, 2013, 11:40 AM
Here’s how it works:

MetroPCS will declare a 1-for-2 reverse split.
The company will pay holders $1.5 billion in cash, about $4.09 a share before the reverse split.
MetroPCS will acquire all of T-Mobile USA’s stock in exchange for a 74% stake in MetroPCS.
DT will roll existing inter-company debt into new $15 billion senior unsecured notes of the combined company, provide the combined company with a $500 million unsecured revolving credit facility and provide a $5.5 billion “backstop commitment” for certain MetroPCS third-party financing transactions.

Complicated, though not impossible to understand. incidentally, I was shocked to see Wikipedia misinforming people about the same topic. I had to go back to when the merger wa...

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