Sprint board rejects $8b MetroPCS merger
0. phoneArena 24 Feb 2012, 15:55 posted on
CNBC has reported that even though Sprint CEO Dan Hesse had approved a proposed merger between the carrier and MetroPCS, the Sprint board has rejected the deal just hours before it was supposed to be announced...
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1. atheisticemetic (Posts: 377; Member since: 18 Dec 2011)
8B is a lot of money for Metro. But this would be a good thing for sprint imo. Metro wasnt the most integrity based cellphone provider i've known
3. pbui.818 (Posts: 78; Member since: 06 Feb 2012)
I would have supported the proposal to combine with MetroPCS in that it would solidify Sprint's position and it would have consolidated the market. However, I can't see the real value to Sprint beyond that. T-Mobile would be the better merger but a more challenging objective in a number of ways.
4. VinCrel (Posts: 39; Member since: 26 Dec 2011)
Sprint is against the Tmo and At&t merger saying that it will complicate things and make plan prices go high .. now, how is this so differrent?
6. Cwebb (Posts: 501; Member since: 05 Oct 2011)
Because Tmo is significantly bigger than Metro
8. remixfa (Posts: 14255; Member since: 19 Dec 2008)
because ATT is a high priced company buying up the low priced company. sprint is a low/middle priced company buying up a small prepaid carrier.
19. bvalde09 (Posts: 180; Member since: 22 Nov 2011)
Mmmmm I would think they dont have the money to buy Metro PCS. I mean they spend a lot cash on the iphone right? I mean I think is the right choice. If they have close deal would have been good. But isnt that they rejected more like they couldnt do so
16. Giggity (Posts: 147; Member since: 17 Nov 2011)
Right now, there are 4 major wireless carriers, 2 for CDMA network and 2 for GSM network. If the AT&T and T-Mobile merger went through, then you'll end up with AT&T as the sole GSM wireless provider in the US. And by becoming the sole GSM wireless provider, that will gives AT&T full control to dictate the pricing. Knowing AT&T, they will jack up the price one way or another to recuperate the money they spent on the merger.
5. mad5870 (Posts: 60; Member since: 21 Nov 2011)
Idk how much it would of been worth. but They should go through with the deal. Since metropcs has LTE in 9 cities and majority of Florida. It would of been a good start to there "aggressive LTE roll out." Especially now with all the LightSquared LTE drama.
7. TechnoTechyes (Posts: 64; Member since: 24 Jan 2011)
This story was less than an hour old when you posted it... The original poster (The Verge), posted it at the end of a business day on a Friday... So, what is with the "Not Surprisingly, Sprint has no comment" comment? They were probably still in traffic heading home.
9. EclipseGSX (Posts: 1715; Member since: 18 Oct 2011)
wow, it would be interesting if they would still honor their $40 a month unlimited plan or how that would work out
10. Das70 (Posts: 124; Member since: 05 Jan 2011)
I doubt they would have changed it. Sprint has Boost and they are $45 a month.
11. downphoenix (Posts: 3143; Member since: 19 Jun 2010)
This wouldnt have had any real benefit to Sprint, glad they shut it down.
12. nyamo (Posts: 274; Member since: 19 Mar 2011)
Once again sprint shoots itself in the foot. I swear they do the exact opposite of what should be done
13. Carlitos (Posts: 491; Member since: 23 Oct 2011)
Thumbs up, not down, I accidently hit the down thumb.
14. Carlitos (Posts: 491; Member since: 23 Oct 2011)
Either sprint is stupid, or they are to broke to afford to buy Metro PCS.
15. blaze456 (Posts: 51; Member since: 06 Oct 2010)
the only real ebenfit would be the 9 million added customers which would still make sprint way behind in customers than att and verizon
17. snowgator (Posts: 3547; Member since: 19 Jan 2011)
Curious decision. Anything to add infrastructure and more bandwidth for Sprint to play with would have been a good plan. I am wondering that if "no comments" means "not dead, just retooling....."
18. theguero (Posts: 7; Member since: 24 Jan 2011)
I hope they are still in negotiations. Sprint needs Metro and Metro needs Sprint. It would be a match made in heaven! Both are CDMA, Sprint had EVDO, Metro has a good start in LTE. It seems like a no brainer!
21. richardyarrell2011 (banned) (Posts: 510; Member since: 16 Mar 2011)
This is pretty shocking the board blocking Mr. Hesse?? That can't be good. Gotta wonder if Mr. Hesse is on his way out???
22. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)
I wonder if this has any thing to do with google selling all its shares it has with clear....hmmmmm