Feeds

Leap Wireless gives MetroPCS the cold shoulder

No Solicitors

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.