Skip to main content



shareholders will meet March 13 to vote on the company's acquisition by

Deutsche Telekom

( DT).

Deutsche Telekom will also acquire



Scroll to Continue

TheStreet Recommends

, another wireless company. The acquisitions will make VoiceStream and Powertel wholly owned units of the European telecom giant.

A recent report, citing sources with knowledge of the matter, indicated that the

Securities and Exchange Commission

is expected to clear the acquisitions, which combined are valued at $35 billion, by today or Monday. Deutsche Telekom hopes to close the VoiceStream deal by the middle of the year.

The American depositary shares of Deutsche Telekom recently lost $1, or 3.3%, to $29.18 in

New York Stock Exchange

trading, while VoiceStream, which is based in Bellevue, Wash., was down $3.94, or 3.3%, to $114 in recent


activity. Powertel lost $2.75, or 3.6%, to $73.44.