MetroPCS interested in buying AT&T/T-Mobile assets
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MetroPCS is interested in purchasing spectrum and subscribers from AT&T and T-Mobile, Bloomberg said Friday. Leap Wireless and Dish Network were also approached and Leap may still be interested in making an offer. The deal with MetroPCS would likely amount to less than $4 billion. In August, The Wall Street Journal revealed AT&T had hired Bank of America’s Merill Lynch to advise it on selling as much as $8 billion in assets. Later that month, the United States government sued to block the planned merger when the U.S. Justice Department said the deal would “substantially lessen competition” in the U.S. wireless market. »read more
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