MetroPCS, Leap Interested in AT&T Divestitures
May 17, 2011, 10:26 AM by Eric M. Zeman
Speaking at conference in Boston today, MetroPCS and Leap Wireless separately expressed concern over AT&T's proposed acquisition of T-Mobile. "We are concerned about the concentration of spectrum that that gives AT&T," said Braxton Carter, MetroPCS's CFO. "Spectrum is the life blood of our business and that puts AT&T in a very significant spectrum position." However, Carter expects that if the acquisition is allowed to go through, the Federal Communications Commission will require AT&T and T-Mobile to divest spectrum assets in a number of markets. "We believe that there will be some spectrum dispositions coming out," he said. "Some of those opportunities will come with operating markets and subscribers. We will certainly look at all possibilities." Leap CFO Walter Berger echoed Carter's interest in divested assets, but also noted that the company is open to wholesale agreements with entities such as LightSquared in order to grow its business. "We'll evaluate a host of opportunities," said Berger. "And if there are opportunities to do something wholesale that's--in an economic relationship--more rational than building, we'll absolutely do that." The FCC and DoJ have yet to sign off on AT&T's proposed acquisition of T-Mobile, and likely won't until 2012.
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