MetroPCS CEO: Softbank Deal Complicates Any Sprint Bid
MetroPCS Communications Inc. Chief Executive Roger Linquist said the timing of Sprint Nextel Corp’s pending deal to sell a 70 percent stake to Softbank “certainly could be” problematic if Sprint wants to make an offer for MetroPCS.
Shares of the pay-as-you-go wireless carrier have been volatile as speculation continues over whether Sprint will make an superior offer to MetroPCS’s acquisition by Deutsche Telekom AG’s T-Mobile USA.