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)
Or
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 www.metropcs.com.
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 investor_relations@metropcs.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 decisions.
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 performance.
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
214-570-4641
investor_relations@metropcs.com
SOURCE MetroPCS Communications, Inc.