Sweetened Offer in the Works for MetroPCS?

Bloomberg is citing unnamed sources who say that DT is monitoring the votes ahead of MetroPCS’s shareholders meeting and is considering sweetening the existing offer in advance of the meeting.

One thing DT is surely considering is reducing the amount of debt the merged company will be forced to shoulder. Competing against well-capitalized players like Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T) will not be easy with the millstone of so much debt.

Adding more cash to the deal or increasing MetroPCS shareholders’ stake in the merged company are still possible, but DT will probably want to hold one or both of those options in reserve because they could end up costing the German firm more than a reduction in debt.

If DT does make a new offer, the MetroPCS shareholders meeting will have to be rescheduled.

Shares of MetroPCS are up 4% at $11.64 in a 52-week range of $5.53 to $14.51.