Sprint may counteroffer T-Mobile bid to merge with MetroPCS

by Jeff Causey on Oct 4th 2012, 9:44pm
tagged Deutsch Telekom, Mergers, metropcs, Sprint, T-Mobile

Yesterday, things looked all but certain for a merger to occur between T-Mobile and MetroPCS according to an announcement from Deutshe Telekom AG. One day later though the situation may have changed. Reports indicate Sprint may be in the process of preparing a rival proposal to acquire MetroPCS. Analysts believe Sprint and MetroPCS would be a good fit because their networks are compatible. Supposedly Sprint is crunching numbers and have their advisors reviewing a potential merger.

All of the firms are declining to comment about the potential counteroffer. If the firms back out of yesterday’s announced deal, penalty payments could be triggered in the amount of $150 million for MetroPCS and $250 million for T-Mobile.

All of the firms have looked at a combination of mergers and acquisitions in the past, with Sprint considering purchases of both T-Mobile and MetroPCS at different times. None of those attempts succeeded. It appears the recent announcement about MetroPCS and T-Mobile may have prompted Sprint to take a second look at their options, especially now that they are in a better financial position to attempt a buyout.

source: Bloomberg Businessweek

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Categorized as Android Carriers, Android Leaks & Rumours, Android News

yarrellray

Tmobile needs to Buzz off and focus on it’s own now network it’s falling apart. Tmobile gots this you had your shot.
- Vernon D.
  
  Yeah, come on Sprint. Leave T-Mobile alone.
RTWright

Sprint is the one that needs to buzz off, their service is deplorable in most cases around my area and it needs to be addressed. T-Mobile is the ones that should get this one, they need the extra boost in my opinion. It’s good to see T-Mobile at least TRYING to get theirs going in a better direction. I was with them years ago with a Motorola Razr, their service was the absolute worst at that time. Hopefully they’ve come a long way since then, I’d happily go back to them if I knew they were on the right track.
- JAN HITE
  
  I’m a 10_YEAR_LOYAL_CUSTOMER_OF_T-MOBILE-USA:_2002–12/NOV/29 Back then Their CUSTOMER_SERVICE was the BEST. I NEVER had MAJOR PROBLEMS W/Them. AGREE-100% THAT METROPCS Should goto T-MOBILE. The LONG_TERM_EVOLUTION_(LTE) FREQUENCIES are SHARED By BOTH(T-MO/METROPCS)