Printed from http://www.electronista.com

Sprint had been hours from buying MetroPCS for $8b

updated 06:10 pm EST, Fri February 24, 2012

Sprint broke off last minute MetroPCS deal

Sprint had been on the edge of buying MetroPCS, according to claims late Friday. The deal, said by CNBC to have been worth $8 billion, was broken off hours before it would have been made public. CEO Dan Hesse is believed to have greenlit the deal, only to have the board reject it.

The talks hadn't been confirmed by either party.

If true, it would show Sprint being eager to consolidate and get an edge versus AT&T and Verizon, which despite a failed AT&T merger with T-Mobile are still much larger. Concerns might have existed both over Sprint's ongoing losses souring the deal as well as the complexity of the network union. Both use CDMA and will soon share LTE, but differences in frequencies would have made an expensive transition.

MetroPCS as a regional carrier has typically had a harder time competing with major nationals. It has few exclusive devices and, because of its smaller resources, can't aggressively expand its network.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Patriot Fuel+ 6000 and 9000mAh batteries

Mobile device batteries are better than they used to be, but there's always a scenario where users could use more juice. Upgrade manuf ...

Sponsor

toggle

Most Commented

 
toggle

Popular News