Sprint board rejects $8b MetroPCS merger
posted by Michael H. / Feb 24, 2012, 3:55 PM
There is no word yet on why the board rejected the deal, or whether the deal is now completely dead. Not surprisingly, Sprint has no comment on the rumors. We'll update this as we learn more.
Posts: 78; Member since: Feb 06, 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.
posted on Feb 24, 2012, 4:31 PM 1
Posts: 39; Member since: Dec 26, 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?
posted on Feb 24, 2012, 4:32 PM 1
Posts: 501; Member since: Oct 05, 2011
Because Tmo is significantly bigger than Metro
posted on Feb 24, 2012, 4:49 PM 11
Posts: 191; Member since: Nov 22, 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
posted on Feb 24, 2012, 11:42 PM 0
Posts: 147; Member since: Nov 17, 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.
posted on Feb 24, 2012, 6:51 PM 3
Posts: 60; Member since: Nov 21, 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.
posted on Feb 24, 2012, 4:33 PM 6
Posts: 71; Member since: Jan 24, 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.
posted on Feb 24, 2012, 5:11 PM 2
Posts: 274; Member since: Mar 19, 2011
Once again sprint shoots itself in the foot. I swear they do the exact opposite of what should be done
posted on Feb 24, 2012, 6:25 PM 0
Posts: 7; Member since: Jan 24, 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!
posted on Feb 24, 2012, 10:46 PM 0
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