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MetroPCS Makes Offer On Leap Wireless

Article Comments  37  

Sep 4, 2007, 10:33 AM   by (staff)

MetroPCS made an offer to purchase Leap Wireless for what amounts to $5.12 billion in stock. The terms of the offer would have MetroPCS swap 2.75 of its own shares for each share of Leap. Based on the current share prices and amount of outstanding stock, the total comes to $5.12 billion. If the offer is approved by shareholders and regulatory bodies, MetroPCS would own 65.4% of Leap. The combined entity could reduce operating costs, would have a broader reach than either alone, and would have licenses giving it presence in the top 200 markets.

more info at Associated Press »

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Comments

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SCTelephoneMan

Sep 4, 2007, 11:48 AM

the fcc/doj should say no

this would be like directv and dish network merging. with both unlimited carriers merging, competition would be reduced. probably would not be unlimited anymore after awhile.

shouldn't be allowed.
Considering that there is exactly ONE market that has both Metro PCS and Cricket (the sprawling metropolis of Modesto/Merced in California), I don't think the FCC is too worried about a monopoly emerging out of this.
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It is nothing like dish and directv. They are the only dish providers. Local or national Other then C-Band which only a very few peopel use now a days due to cost. But due to those cost is why you can't count them. Its like counting sat phones in wit...
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SCTelephoneMan said:
this would be like directv and dish network merging. with both unlimited carriers merging, competition would be reduced. probably would not be unlimited anymore after awhile.

shouldn't be allowed.
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nextel18

Sep 4, 2007, 3:57 PM

My take on the merger.

They are obviously two low cost operators, which is a good thing because they can offer services at better rates then some of the others. If they combine, they would have spectrum assets covering almost all the top 200 largest markets. There are little overlapping in the spectrum and tower licenses but not a lot as PCS would go on the larger metropolitan areas and Leap goes over the not noticeable or under penetrated or under desirable markets. This would obviously create a nationwide network going up against the bigger companies, but the good thing is, this company (if approved) would have a low cost structure and could offer better prices and have a very good roaming service agreement or agreements throughout the industry. Obviously, these...
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The only problem with that is the reason their a lower cost company (at least in the case of Metro) is because they provide low quality service. They overload all their towers with customers because they only use half as many towers as the bigger com...
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lufrebent

Sep 4, 2007, 10:53 AM

Does it matter?

I don't know much about Leap, but I know MetroPOS. Would this actually make a difference on their network? (And I mean that seriously, as sarcastic as it may.)
Leap owns Cricket, the other unlimited calling company. This should be very interesting as the combined company could be a bigger threat to the "Big 4" as Cricket already allows unlimited calling when you travel to any market it serves. I'm not sure i...
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lufrebent said:
I don't know much about Leap, but I know MetroPOS. Would this actually make a difference on their network? (And I mean that seriously, as sarcastic as it may.)


This is a misconception based on Metr...
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