Feds say T-Mobile & MetroPCS $1.5B merger is a go

MetroPCS and T-Mobile have passed all the regulatory chutes and ladders to complete the companies’ $1.5 billion merger. Now, all that’s left is the shareholder vote.

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MetroPCS shareholders who owned stock before March 11, 2013 will vote on the deal April 12, 2013. However, the vote seems like little more than a formality, as the merging companies have already designated a new executive arrangement to lead the combined ship.

In an announcement of the new board of directors, T-Mobile revealed it will contain 11 members, including two current MetroPCS directors (W. Michael Barnes and James Perry) and Deutsche Telekom CEO/CFO Timotheus Höttges.

The current MetroPCS board has already unanimously recommended that stockholders approve the merger. Interestingly, the companies are asking voters to ignore a mailing sent out by one rogue “dissident stockholder” asking for shareholders to vote against the deal.

The FCC approved the merger a few days ago, saying the deal “will benefit millions of American consumers and help the U.S maintain the global leadership in mobile it has regained in recent years.”