MetroPCS (PCS) +2.5% AH after Deutsche Telekom (DTEGY.PK) submits what it calls its "best and...

|By:, SA News Editor

MetroPCS (PCS) +2.5% AH after Deutsche Telekom (DTEGY.PK) submits what it calls its "best and final offer" for merging the prepaid carrier with T-Mobile USA. The new offer reduces the combined company's debt by $3.8B to $11.2B, cuts the interest rate on the debt by 50 bps, and extends the lockup on DT's stake in the company by 6 months to 18 months. The proposed ownership structure remains the same - DT would own 74% of the company, and MetroPCS shareholders 26%. (previous)