RICHARDSON, Texas (Reuters) - MetroPCS Communications Inc shareholders on Wednesday voted to approve a combination with No. 4 U.S. wireless service provider T-Mobile USA, after T-Mobile parent Deutsche Telekom AG sweetened its terms under pressure from activist shareholders.
Activist shareholder P. Schoenfeld Asset Management had led a proxy battle against the original deal, while biggest MetroPCS shareholder Paulson & Co had also threatened to vote against it. Both investors have said they were happy with the improved terms.
Reporting by Lisa Maria Garza; Writing by Sinead Carew; Editing by Gerald E. McCormick