The other day we reported that the executive boards of both T-Mobile and MetroPCS have approved the merger of the two companies. Prior to that, it was rumored that T-Mobile was not the only interested party and that Sprint and Dish Network were reportedly interested in MetroPCS as well. Given Sprint’s rather vocal stance on the whole T-Mobile and AT&T merger, to a certain extent we guess we’re not surprised to learn that Sprint isn’t too happy with the T-Mobile and MetroPCS merger either.
According to the folks at Bloomberg, they have reported that the carrier is looking to make a counter offer of its own and are looking to outbid T-Mobile on the deal. However this might be slightly complicated as there are breakup fees involved where T-Mobile will have to pay MetroPCS $250 million if they back out of the deal, and MetroPCS will have to pay T-Mobile $150 million if they back out of the deal. These are some of the costs that Sprint will probably have to take into consideration if they plan to outbid T-Mobile. Representatives of all three carriers declined to comment on the report but we will keep our eyes and ears peeled nonetheless.
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- 2012-10-11: Sprint reportedly holding off on MetroPCS counter-offer for now
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