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TheStreet Open House

MetroPCS Investors Approve T-Mobile Deal Amid Sprint Takeover Battle

Stocks in this article: AAPL PCS T S VZ

Paulson & Co., a vocal player in T-Mobile's merger with MetroPCS, will also weigh in on Sprint's consolidation efforts as a large shareholder.

While Paulson & Co and other funds such as Leon Cooperman-run Omega Advisors appear to be taking Dish's proposal for Sprint as economically superior to that put on the table by SoftBank, it's unclear which proposal the company's board of directors will support.

Meanwhile, it's also unclear whether SoftBank is prepared to increase its offer for Sprint, in what could set the stage for a bidding war.

Sprint said earlier in April its board of directors has set up a special committee to evaluate competing proposals offered by Dish Network and SoftBank.

Given T-Mobile and MetroPCS's merger, the direction Sprint pursues in consolidation will be key for the wireless industry, as the industry laggards try to win back customers with price competitive and unlimited data iPhone and Google-Android plans.


For more on telecom consolidation, see why Verizon survived Apple iPhone subsidy pain but faces new risks.

Also see why hedge fund games are a risk in Sprint's takeover.

-- Written by Antoine Gara in New York

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