MetroPCS shareholders approve T-Mobile deal

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“A combined T-Mobile and MetroPCS will unite two companies with one common vision: challenge the status quo and deliver exceptional wireless experiences for our customers," he said.

The companies adjusted the terms of the deal to appease MetroPCS shareholder groups who had argued it wasn't generous enough.

The merger will bolster T-Mobile's position as the fourth largest nationwide carrier. The combined company will keep the name "T-Mobile" and will be owned by parent company Deutsche Telekom.