T-Mobile’s MetroPCS Merger Opponents Gaining Traction

Opposition to T-Mobile USA Inc.’s merger with MetroPCS Communications Inc., bolstered by two shareholder-advisory firms spurning the deal, is gaining momentum leading up to next week’s vote on the transaction.

P. Schoenfeld Asset Management LP, a MetroPCS investor that has led a challenge to the deal, scheduled a webcast for April 4 to explain its position to other shareholders in the wireless carrier. Institutional Shareholder Services and Glass, Lewis & Co. came out against the transaction last week, while Egan-Jones Proxy Services was in favor.