MetroPCS Reschedules Special Meeting of Stockholders to April 24, 2013
RICHARDSON, Texas, April 10, 2013
RICHARDSON, Texas, April 10, 2013 /PRNewswire/ -- MetroPCS Communications,
Inc. (NYSE: PCS; "MetroPCS" or the "Company") today announced that it has
rescheduled its Special Meeting of stockholders to vote on matters relating to
the proposed combination of MetroPCS with T-Mobile USA, Inc. ("T-Mobile") to
April 24, 2013 at 8:00 am Central Time, at the Eisemann Center located at 2351
Performance Drive, Richardson, Texas 75082. The decision to postpone the
Special Meeting was mutually agreed upon by Deutsche Telekom and MetroPCS to
allow MetroPCS stockholders additional time to, subject to approval by the
MetroPCS board of directors, consider a proposal from Deutsche Telekom to
revise the business combination agreement, dated October 3, 2012, among
MetroPCS and Deutsche Telekom AG.
Valid proxies that have already been submitted prior to the originally
scheduled April 12, 2013 meeting will continue to be valid unless properly
changed or revoked prior to the vote being taken at the Special Meeting. The
record date of March 11, 2013 for the meeting has not been changed.
Stockholders who have not voted are strongly encouraged to do so prior to
11:59 p.m. Eastern Time on April 23, 2013. Stockholders who need assistance
in voting or changing their vote should contact MacKenzie Partners at
800-322-2885 (toll-free) or 212-929-5500 (call collect).
If stockholders have any questions or need assistance with voting their GREEN
proxy card, please contact the Company's proxy solicitor, MacKenzie Partners,
at the phone numbers listed below.
MacKenzie Partners, Inc.
105 Madison Avenue
New York, NY 10016
(212) 929-5500 (call collect)
TOLL-FREE (800) 322-2885
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
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. Security holders are urged to read carefully the amended
definitive proxy statement 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 are, and
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
email@example.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 when it is filed carefully before making any voting or investment
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. These forward-looking statements include, among others,
statements about the benefits of the proposed combination, the prospects,
value and value creation capability of the combined company, compelling terms
and nature of the proposed combination, future expansion of the MetroPCS brand
into new areas, whether metro areas are unserved or underserved, benefits to
MetroPCS customers, value of the proposed combination to MetroPCS
stockholders, future MetroPCS stock prices, expected growth in the no contract
space, customer perceptions of the combined company's service, projected cost
synergies and the combined company's ability to achieve them, forecasts of
combined company revenues, EBITDA, and FCF, projected 5-year CAGRs, ability of
the combined company to compete, MetroPCS' ability to acquire spectrum, the
combined company's spectrum position, the combined company's competitive
position, impact of the proposed combination on LTE roll-out and benefits of
LTE network, MetroPCS' projected upgrade rate, projected financing costs,
ability of the combined company to deleverage over time, ability and rates of
financing available in the market, and other statements regarding the combined
company's strategies, prospects, projected results, plans, or future
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' 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.
Investor Relations Contacts:
Keith Terreri, Vice President - Finance & Treasurer
Jim Mathias, Director - Investor Relations
SOURCE MetroPCS Communications, Inc.
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