Sprint could make things interesting, make bid for MetroPCS

Just because the T-Mobile and MetroPCS boards have signed off on a deal doesn’t mean it will necessarily happen. As we saw with the failed AT&T acquisition of T-Mobile, a number of obstacles can stand in the way. But it might not be the government regulators that stand in the way of this deal. It might be another interested party. A recent report suggests that Sprint is mulling its own offer for MetroPCS, presumably trumping the T-Mobile offer in significant ways. One thing that could stand in the way: the break-up fee in the T-Mobile/MetroPCS deal. If T-Mobile backs out it must pay MetroPCS $250 million, with a $150 million fee if Metro backs out. We could hear more about this as early as next week.

Via Bloomberg.

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