Sprint Came Close To Buying MetroPCS, But Board Walked Away - HotHardware
Sprint Came Close To Buying MetroPCS, But Board Walked Away

Sprint Came Close To Buying MetroPCS, But Board Walked Away

Are the consolidating years behind us when it comes to U.S. wireless carriers? Perhaps not. According to CNBC and The Wall Street Journal, Sprint -- America's third largest wireless company -- was considering a major deal that would have it paying $8 billion to acquire MetroPCS. MetroPCS may not be a huge name like AT&T or Verizon, but it's still a solid minority in the wireless world, and it puts a major dent in Sprint's prepaid subscriber count. A load of MVNOs use Sprint's network for their services, so picking up MetroPCS would've made them a really strong player in that market. According to the reports, Sprint CEO Dan Hesse was all for it, okaying the deal. But reportedly, Sprint's board of directors rejected the move just hours before it was to be made official.


Why? Sources tell the WSJ that the "timing wasn't right." It seems that the proposed acquisition had been on the table for some time now, but it's unclear how things weren't called into question earlier. It seems a little strange to have the CEO onboard and the board not onboard with only hours before the announcement. We're guessing that there's a now-useless press release floating around in some inbox right now with all of the gory details, but alas, it won't be shared in the near future, if ever.

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That would have been smart for Sprint not only is Metro CDMA there also LTE 4G and in most if not all major metro areas in the US! So it would have not been a huge subscriber base but a very nice backbone addition for them as a cellular provider, not to mention the other provider it will benefit is Verizon, and it would have been smart of Sprint to take that cookie from them I think!

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I have to agree; I mean MetroPCS would of allowed them to enhance their network and provide them with additional capability should the time comes. They were foolish to walk away from the merger; timing or not this would of made Sprint a major competitor in the market, now we're left to deal with MetroPCS's shoddy service for impunity.

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Doesn't MetroPCs lease its spectrum from Sprint? If so wouldn't that be like biting their foot off.

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Virgin Mobile was leasing banwidth from Sprint before Sprint bought them out.

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