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  • Could Leap and MetroPCS Be in AT&T's Sights? - Vision 2 Mobile

    SOURCE: Vision2Mobile



    AT&T Inc. may have abandoned its $39 billion acquisition of T-Mobile USA, but that doesn't mean consolidation in the U.S. wireless industry is now out of the question.

    In a note to clients Thursday, an analyst with JPMorgan Chase & Co. raised the possibility that Leap Wireless International Inc. and MetroPCS Communications Inc. could be takeover targets for Dallas-based AT&T or Bellevue, Wash.-based T-Mobile USA, Bloomberg reported. JPMorgan analyst Phil Cusick said San Diego-based Leap and Dallas-based MetroPCS could represent "near-term" sources of spectrum for a purchaser.
    The analyst believes there is a "strong likelihood" that regulators would give a larger national carrier approval to buy Leap or MetroPCS.
    Earlier this month, AT&T abandoned its bid to acquire T-Mobile from Deutsche Telekom AG in the face of strong government opposition from the U.S. Department of Justice and Federal Communications Commission.

    Leap and MetroPCS are significantly smaller than T-Mobile USA, the fourth-largest U.S. wireless operator based on the number of subscribers (33.7 million: end of third quarter 2011). MetroPCS had 9.1 million subscribers at the end of the third quarter while Leap the holding company that owns Cricket ended the same period with nearly 5.76 million subscribers.


    This article was originally published in forum thread: Could Leap, MetroPCS Be in AT&T's Sights? - Vision 2 Mobile started by CU-News View original post
    Comments 1 Comment
    1. Colione's Avatar
      Colione -
      Highly doubtful in my opinion about AT&T. That said, I seriously doubt Cricket or Metro will be independent companies by the end of 2012. Buyers include T-Mobile, A merger of Cricket & Metro, or a foreign company (SK Telecom or a Chinese company) making a run for one or both. If they manage to get approval, I think T-Mobile will be taken over by the same foreign company which would give them enough customers to make a wave in the overall marketplace. Don't forget, there are ALOT of regional/local players across the country that will fit nicely with a combined metro/cricket. One of the Asian companies have a ton of money to burn to make these things happen if they can get approval from the government.
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