The debt by the combined T-Mobile and MetroPCS to parent Deutsche Telekom has been reduced from a proposed $15 billion to $11.2 billion. Excluding the reduction in the interest rate, this improves the valuation of the deal by approximately $2.65 per share in favor of MetroPCS stakeholders. Deutsche Telekom has also said they will increase the lockup period, when the company will be unable to sell shares in the merged company, from six to eighteen months.