toggle

AAPL Stock: 114.59 ( -3.85 )

Printed from http://www.macnn.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 MacNN Staff

toggle

Comments

Login Here

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

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented