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...He led the company’s acquisition of rival MetroPCS and its float on Nasdaq in 2013 and the business now accounts for most of Deutsche Telekom’s value....
...The fund is only an occasional activist, concentrating mainly on other event-driven hedge fund strategies, but successes in recent years include improving the terms of the takeover of MetroPCS by T-Mobile...
...In 2013, it opposed T-Mobile USA’s merger with MetroPCS, eventually backing the deal after T-Mobile revised its offer....
...Successes in recent years have included improving the terms of the takeover of MetroPCS by T-Mobile USA....
...As chief investment officer, Mr Schoenfeld has previously pushed for deals at companies including Jos A Bank, and opposed T Mobile USA’s proposed merger with MetroPCS in 2013....
...T-Mobile listed its shares through a reverse merger with MetroPCS. T-Mobile has since emerged as a no-frills carrier that is adding subscribers faster than any competitor....
...Deutsche Telekom had an agreement to merge its laggard US unit with MetroPCS. But that group of dissident MetroPCS shareholders wrangled DT into lifting its offer in exchange for their approval....
...Still, while MetroPCS and Leap disappear, their business model has proven resilient....
...Investors have cheered so far, as T-Mobile shares have doubled since the MetroPCS merger last April....
...Recent successful campaigns include those against the merger of MetroPCS and T-Mobile US last year and McKesson’s $8.6bn takeover of rival drugs distributor Celesio....
...business helped boost group revenue by 5.4 per cent to €15.2bn in the second quarter of 2013, compared with the same period last year, although this also reflected the first-time consolidation of the merged MetroPCS...
...MetroPCS said the deal should close by the end of the month. A combined T-Mobile and MetroPCS will compete primarily against Sprint for customers seeking low-cost wireless contracts....
...Under these terms, T-Mobile would reverse merge with MetroPCS, and MetroPCS shareholders would receive $1.5bn in cash and 26 per cent of the new company....
...But some MetroPCS shareholders believe they are being short-changed....
...As part of this effort, T-Mobile US, which became a quoted company following its recently complete reverse takeover of MetroPCS, has also accelerated its rollout of a new 4G network based on LTE technology...
...Shareholders will get to vote on the deal at a MetroPCS special meeting on April 12....
...MetroPCS shareholders will vote on the revised offer on April 24....
...But they are riddled with subjectivity – as tensions over T-Mobile’s reverse merger with MetroPCS show....
...Before T-Mobile acquired MetroPCS, Leap Wireless and MetroPCS had tried to agree on a combination on several occasions. However, they failed to agree on terms....
...With investors in MetroPCS due to vote on a reverse merger with Deutsche Telekom’s T-Mobile USA on Thursday, the DT subsidiary upped its terms on Wednesday....
...T-Mobile US, the company formed through the reverse takeover of MetroPCS by Deutsche Telekom’s T-Mobile USA unit, says it is on track to resume organic subscriber growth later this year, setting the stage...
...Coincidentally, on the same date shareholders of MetroPCS will vote on the combination with T-Mobile....
...The network revamp comes ahead of the proposed merger with smaller rival MetroPCS....
...Large high-yield offerings from Sprint ($6.5bn), Tenet Healthcare ($4.6bn) and MetroPCS Communications ($3.5bn) helped drive volume during the first nine months of 2013....
Stuart Kirk and Nikki Tait talk about Deutsche Telekom and MetroPCS's future
International Edition