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Sprint won’t make bid for MetroPCS right now

Just a quick update: We heard last weekend that Sprint could make a bid for MetroPCS to counter the one made by T-Mobile. As it turns off, they’ll pass on that for now. That doesn’t meant they’ll just let the deal happen. They have a few months before the MetroPCS board votes on the deal, so they can wait for further information to surface. In essence, they’ve tabled the issue. We can be sure to hear more about Sprint’s involvement with this deal in a few months.

Via Bloomberg.