DALLAS, March 5, 2013 /PRNewswire/ -- MetroPCS
Communications, Inc. (NYSE: PCS; "MetroPCS") today announced that
the required waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 in connection with the Company's proposed
combination with T-Mobile USA,
Inc., a wholly-owned subsidiary of Deutsche Telekom (XETRA: DTE;
"Deutsche Telekom"), has expired. The proposed combination
remains subject to MetroPCS stockholder approval, as well as
certain other regulatory approvals and customary closing
conditions. MetroPCS expects the proposed combination with
T-Mobile to be completed shortly following the meeting of
stockholders.
A Special Meeting of MetroPCS stockholders to vote on matters
relating to the proposed combination of MetroPCS with T-Mobile has
been scheduled for April 12,
2013. MetroPCS stockholders of record as of the close of
business on March 11, 2013 are
entitled to vote at the Special
Meeting.
The MetroPCS board unanimously recommends that stockholders vote
their shares FOR all of the proposals relating to the proposed
combination with T-Mobile. The failure to vote or an
abstention has the same effect as a vote against the proposed
combination. If stockholders vote against the proposed
combination, there is no assurance that MetroPCS will be able to
deliver the same or better stockholder value.
Stockholders who have questions or need assistance voting their
shares should contact the Company's proxy solicitor, MacKenzie
Partners, Inc. toll-free at (800) 322-2885 or call collect at (212)
929-5500.
About MetroPCS Communications, Inc.
Dallas-based MetroPCS
Communications, Inc. (NYSE: PCS) is a provider of no annual
contract, unlimited wireless communications service for a
flat-rate. MetroPCS is the fifth largest facilities-based wireless
carrier in the United States based
on number of subscribers served. With Metro USA(SM), MetroPCS customers can use their
service in areas throughout the United
States covering a population of over 280 million people. As
of December 31, 2012, MetroPCS had
approximately 8.9 million subscribers. For more information please
visit www.metropcs.com.
Additional Information and Where to Find It
This document relates to a proposed transaction between MetroPCS
and Deutsche Telekom. In connection with the proposed transaction,
MetroPCS has filed with the Securities and Exchange Commission (the
"SEC") an amended definitive proxy statement and will file a
further amended definitive proxy statement with the SEC after the
record date for the Special Meeting. Security holders are
urged to read carefully the amended definitive proxy statement, the
further amended definitive proxy statement when it is filed and all
other relevant documents filed with the SEC or sent to stockholders
as they become available because they will contain important
information about the proposed transaction. All documents, when
filed, will be available free of charge at the SEC's website
(www.sec.gov). You may also obtain these documents by contacting
MetroPCS' Investor Relations department at 214-570-4641, or via
e-mail at investor_relations@metropcs.com. This communication does
not constitute a solicitation of any vote or approval.
Participants in the Solicitation
MetroPCS and its directors and executive officers will be deemed
to be participants in any solicitation of proxies in connection
with the proposed transaction. Information about MetroPCS'
directors and executive officers is available in MetroPCS' annual
report on Form 10-K filed with the SEC on March 1, 2013. Other information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise,
is contained in the amended definitive proxy statement and other
relevant materials filed with the SEC regarding the proposed
transaction. Investors should read the amended definitive proxy
statement and the further amended definitive proxy statement when
it is filed carefully before making any voting or investment
decisions.
Cautionary Statement Regarding Forward-Looking
Statements
This document includes "forward-looking statements" for the
purpose of the "safe harbor" provisions within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended. Any
statements made in this document that are not statements of
historical fact, and statements about our beliefs, opinions,
projections, strategies, and expectations, are forward-looking
statements and should be evaluated as such. These forward-looking
statements often include words such as "anticipate," "expect,"
"suggests," "plan," "believe," "intend," "estimates," "targets,"
"views," "projects," "should," "would," "could," "may," "become,"
"forecast," and other similar expressions. Forward looking
statements include statements regarding the anticipated closing
date for the transaction, the value the transaction represents, and
any statements made regarding our strategy, prospects or future
performance.
All forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements, many of which are
generally outside the control of MetroPCS, Deutsche Telekom and
T-Mobile and are difficult to predict. Examples of such risks and
uncertainties include, but are not limited to, the possibility that
the proposed transaction is delayed or does not close, including
due to the failure to receive the required stockholder approvals or
required regulatory approvals, the taking of governmental action
(including the passage of legislation) to block the proposed
transaction, the failure to satisfy other closing conditions, the
possibility that the expected synergies will not be realized, or
will not be realized within the expected time period, the
significant capital commitments of MetroPCS and T-Mobile, global
economic conditions, fluctuations in exchange rates, competitive
actions taken by other companies, natural disasters, difficulties
in integrating the two companies, disruption from the transaction
making it more difficult to maintain business and operational
relationships, actions taken or conditions imposed by governmental
or other regulatory authorities and the exposure to litigation.
Additional factors that could cause results to differ materially
from those described in the forward-looking statements can be found
in MetroPCS' 2012 Annual Report on Form 10-K, filed March 1, 2013, and other filings with the SEC
available at the SEC's website (www.sec.gov). The results for
any prior period may not be indicative of results for any future
period.
The forward-looking statements speak only as to the date made,
are based on current assumptions and expectations, and are subject
to the factors above, among others, and involve risks,
uncertainties and assumptions, many of which are beyond our ability
to control or ability to predict. You should not place undue
reliance on these forward-looking statements. MetroPCS, Deutsche
Telekom and T-Mobile do not undertake a duty to update any
forward-looking statement to reflect events after the date of this
document, except as required by law.
SOURCE MetroPCS Communications, Inc.