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With MetroPCS' shareholders left as the last remaining obstacle on the deal, U.S. regulators approved the combination of MetroPCS Communications Inc. and T-Mobile USA. Signing off on the merger, Federal Communications Commission (FCC) and the Department of Justice said the deal between the two companies will help competition in the U.S. wireless market. Deutche Telekom, the company that holds T-Mobile USA, has 74% of ownership on the said deal. Pending on the transaction are the approval of MetroPCS shareholders on their meeting on April 12. However, major shareholders, P. Schoenfeld Asset Management and Paulson & Co., opposes the deal and argues on better terms from the merger or an alternate bidder. On the other hand, the MetroPCS board backs the current offer and called the disapproving arguments "inaccurate and misleading." FCC, though, is positive on the combining of the two companies for it will give AT&T and Verizon Wireless some real competition. See also: Satellite Communications Company
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business, satellite telecommunications companies, T-Mobile USA, MetroPCS,
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