A team of lawyers from global law firm K&L Gates LLP is advising Deutsche Telekom/T-Mobile USA in a proposed $1.5 billion cash, stock, and debt restructuring deal to combine its T-Mobile USA unit with Texas-based wireless service provider MetroPCS Communications, Inc. If approved, the deal would result in Deutsche Telekom owning a 74 percent stake and MetroPCS shareholders receiving cash and 26 percent ownership in the combined company.
The K&L Gates team is being led by Seattle partner Margaret Inouye, assisted by Seattle associates Elisabeth McNeil, Eric Taylor, Jaclyne Badal, and Patrick Loney in the corporate area; Seattle partners Ramona Emerson and Julie Anne Halter, Portland of counsel Richard Price, Seattle associate Chris Wyant, and Washington, D.C., associate Catherine LaRose in the antitrust area. The K&L Gates team worked closely with the T-Mobile legal team led by Dave Miller, general counsel, executive vice president, and Lauren Venezia, deputy general counsel, senior vice president, and with Wachtell Lipton, Cleary Gottlieb, and Wiley Rein on this transaction.
Expected to close in the first half of 2013, the transaction is subject to MetroPCS shareholder approval, regulatory approvals, and other closing conditions.
