Sprint May Make Competitive Bid for MetroPCS
Sprint is considering whether or not it should make a counteroffer to T-Mobile USA parent Deutsche Telekom for MetroPCS. Citing people familiar with the matter, Bloomberg reports that Sprint is going over its financials to determine if it can make a bid for the prepaid carrier. It had been considering acquiring MetroPCS for several weeks. Deutsche Telekom and MetroPCS announced on Wednesday plans to merge T-Mobile USA and MetroPCS, which are the fourth- and fifth-largest carriers in the U.S., respectively. Even combined, the merged companies will still rank fourth behind Verizon Wireless, AT&T, and Sprint. Sprint may decide as soon as next week if it will make an offer. Bloomberg also reports that Deutsche Telekom is "prepared" for a counteroffer from Sprint, and will weigh terms as necessary.