MetroPCS turns back on Leap Wireless bid

2 Nov 2007

MetroPCS Communications has abandoned plans to purchase fellow wireless communications provider Leap Wireless International, citing its rival’s unwillingness to participate in ‘meaningful’ discussions as the reason. MetroPCS’s all-stock deal, valued at USD5.2 billion, was rejected by Leap Wireless as too low.

United States, Leap Wireless International (inc. Cricket), MetroPCS,

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