Tag: metro pcs

John Paulson Opposes Metro PCS Merger With T-Mobile

Hedge Fund Paulson & Co, the largest shareholder in Metro PCS announced they would oppose the planned merger with T-Mobile

Hedge fund Paulson & Company, the largest shareholder in MetroPCS Communications, announced on Thursday that it would oppose a planned merger with T-Mobile, saying the deal would saddle the new company with too much debt. “We believe MetroPCS is worth more as a stand-alone company,” the firm, founded by the billionaire hedge fund manager John Paulson, said in a statement. The hedge fund has a 9.9 percent stake in MetroPCS.