Will Sprint steal MetroPCS from under T-Mobile's nose?(Read article summary)
Earlier this week, it looked as if T-Mobile's parent company Deutsche Telekom would soon acquire MetroPCS. Now come reports that Sprint is interested in the budget carrier, too.
In a joint statement yesterday, Deutsche Telekom, the owner of T-Mobile USA, and MetroPCS, a budget carrier based in Texas, confirmed the two companies would merge under the T-Mobile banner. The merger would boost T-Mobile's subscriber count by 9.3 million subscribers, giving the carrier approximately 40 million subscribers in all. That's far behind the numbers claimed by Verizon and AT&T, but a boost nonetheless.
Now comes news that Deutsche Telekom isn't the only one interested in MetroPCS. According to BusinessWeek, rival Sprint is "crunching the numbers and holding talks with its advisers to weigh the feasibility of a higher offer" for MetroPCS. (Deutsche Telekom was reportedly ready to pay $1.5 billion for MetroPCS; MetroPCS would also have a 26 percent stake in the new company, Engadget says.)