Paulson Considers Opposing MetroPCS Merger With T-Mobile

Paulson & Co., the biggest shareholder of MetroPCS Communications Inc., said it may oppose the wireless carrier’s combination with Deutsche Telekom AG’s T-Mobile USA unit due to the debt the combined company would hold.

Paulson agrees with arguments presented by P. Schoenfeld Asset Management LP, which opposes the deal, according to an e-mailed statement yesterday. Paulson, which acquired 8 million shares of MetroPCS last quarter to boost its stake to 8.7 percent, is withholding its decision on whether to vote for the transaction until it sees the final proxy statement, it said.