MetroPCS Board Votes In Favor Of Deutsche Telekom Deal

MetroPCS Communications Inc (NYSE:PCS) shares fell by more than 2 percent today after the company’s board recommended a merger deal that would see the company become part of the Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY) (ETR:DTE) family. The merger was unanimously supported by the board who recommended that shareholders vote in favor of the deal. The story is just part of the slew of M&A activity in the wireless market today.

Earlier it was revealed that DISH Network Corp (NASDAQ:DISH) had made an unsolicited bid for Sprint Nextel Corporation (NYSE:S) offering around...