CNBC: Sprint Board Nixed MetroPCS Acquisition at Last Minute
Feb 24, 2012, 6:01 PM by Eric M. Zeman
Sprint's board of directors apparently pulled the plug on an $8 billion acquisition of regional carrier MetroPCS "hours" before the deal was to be announced. CNBC reports that Sprint and MetroPCS had been working on the deal for months, and that Sprint CEO Dan Hesse had signed off on the deal. CNBC didn't say why Sprint's board killed the acquisition. Sprint is the nation's third-largest operator and is in the middle of a vast network transition. Acquiring MetroPCS could have given Sprint more spectrum assets.
Samsung Refreshes Galaxy S Series with S Pen, New Cameras
Google Maps Putting Search Results in AR Live View
Anker Soundcore Debuts New Earbuds, Including Specialty Models
HP Intros "Pro-Grade" Earbuds
Comments
Sprint would have to spend to much fixing T-Mobile..
...
Your exactly right! Think about it. They have been working out this deal with Metro for months. Well two months ago the ATT-TMO fell apart because of the government so I would bet Sprint has been talking with DT since and worked out a deal with them ...
(continues)
(continues)
...
Um...what???
Not eactly sure what kind of spectrum MetroPCS has, but I can't see how this would have been a good purchase for Sprint. Based on coverage map alone, this acquisition would not really add anything to Sprint. There may be some unused spectrum that I'm not aware of. If anyone knows, please help me out. In the meantime, what were they thinking???
Sprint does not want to cover rural areas. All they seem to want is more spectrum in urban areas.
...
purchase us cellular
they have a ton of unused spectrum in rural areas, hell they have the whole state of indiana and they only use like 7% of it. get them out of their misery. this coming from someone that worked for them for over 4 years.. they are a quickly sinking ship.
I was hoping US Cellular would merge with Metro PCS
*NEWS
