Sprint Board Rejects $8 billion MetroPCS Acquisition, More Lately ‘Hours’ Before Announcement

Posted on Feb 25 2012 - 6:17am by Editorial Staff

What it said to be “sad” ending when one company is on the final urge of acquiring another company and what it would be if the deal is worth $8 billion and on the top rejecting the acquisition only on hours before announcement – this is what happen with Sprint and regional carrier MetroPCS – which literally hours from announcing an $8 billion merger when Sprint’s board rejected the acquisition, tweeted by David Faber of CNBC.

MetroPCS recently reported its earning this week and with over 9.35 million registered subscribers at the end of quarter fourth, now considerably combining with Sprint’s numbers of 55 million subscribers, the company do fall short as comparison to the biggies Verizon and AT&T, but on the note will put T-Mobile in more fragile position that it is today.

 

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.