Verizon Enters Mobile Gaming and 2 Telecom Stocks Seeing Action

MetroPCS Communications (NYSE:PCS): The company’s shareholder, P. Schoenfeld Asset Management LP, again made a challenge to the wireless carrier regarding various issues concerning its proposed merger with Deutsche Telekom AG’s T-Mobile USA, which continues a protracted back and forth between the firms ahead of MetroPCS’s upcoming shareholder meeting. PSAM has been one of the deal’s most vocal critics, and it said it read MetroPCS’s latest letter with “significant frustration and confusion,” adding that while MetroPCS accused it of distracting from other matters at hand. Furthermore, its agenda is to realize the greatest value possible for all of the company’s shareholders.

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