Feeds

Leap Wireless gives MetroPCS the cold shoulder

No Solicitors

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

MetroPCS, the cheapo US cell phone operator, doesn't want to buy Leap Wireless anymore - because it can't get its takeover target to talk turkey. In September, MetroPCS made an unsolicited bid for its smaller rival, saying the combo would become a new national wireless carrier, covering 200 local US markets. Backtracking today, the cellco noted:

While there is widespread investor and analyst enthusiasm for a merger between the two companies, MetroPCS has not been able to engage Leap in meaningful negotiations regarding MetroPCS' merger proposal.

But not enough enthusiasm from investors, it seems, or enough stomach from MetroPCS board members, to sweeten the deal with a seller's premium, or to mount a hostile bid.

If the combination of MetroPCS and Leap is as compelling as Metro thinks, then it can only be a matter of time before two cellcos speaks as one. In the meantime MetroPCS is talking up its standalone prospects, pointing to a recent launch in US and, new market launches pencilled for the end of '08 or early '09. ®

Intelligent flash storage arrays

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.