Sprint may counter T-Mobile’s MetroPCS offer

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Tuesday, 04 December 2012

Sprint may counter T-Mobile’s MetroPCS offer

Last Friday MetroPCS shares went up after Guggenheim security analyst Shing Yin said Sprint could make a bid of $12 to $13 per share for MetroPCS within the next four weeks. Yin says that this offer may be too steep for T-Mobile owner Deutsche Telekom to match while still pleasing their shareholders. Originally there was speculation that Sprint would make a counter offer back in October, but the idea was killed by the Sprint board at the last moment. In the meantime MetroPCS has been slowly launching out their 4th generation 4G LTE network giving customers access to higher data speeds. If Sprint purchases them it’ll give them an instant jump in 4G LTE coverage, while if T-Mobile purchases them it will be the first LTE network they can offer to customers.

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