In bid to assuage shareholder pressure, Deutsche Telekom AG is looking into improving the terms and conditions of the proposed merger of its subsidiary T-Mobile USA with MetroPCS Communications Inc. According to two sources familiar with the decision making processes at Deutsche Telekom who spoke on condition of anonymity.
Even the board of directors of the company based out of Bonn, Germany is divided on whether to improve the terms and conditions of the deal in order to obtain shareholder approval at the April 12 shareholder vote or to retain the current conditionalities and let the shareholders decide.
Deutsche Telekom said that 'it has no comment as to possible changes to the terms of its agreement with MetroPCS.' It also reiterated that it believes the current terms and conditions of the tabled merger offer was in the best interests of shareholders. While this is the official line, the anonymous sources said that the board has a week to decide and the board is considering its options.
This tact is different from earlier statements from its spokesperson, saying it flatly denies whether the deal is being improved or changed in the meantime.
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