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MetroPCS (PCS +15.3%) and Leap Wireless (LEAP +15.1%) shoot higher after Bloomberg reports...

  • Tuesday, October 2, 2012, 10:04 AM ET
    MetroPCS (PCS +15.3%) and Leap Wireless (LEAP +15.1%) shoot higher after Bloomberg reports Deutsche Telekom (DTEGY.PK), parent of T-Mobile USA, is close to a deal for MetroPCS, long the subject of M&A speculation. Sprint (S -6.9%) and Clearwire (CLWR -4.1%) are selling off.
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    I wouldn't be surprised to see a T-Mobile/Dish agreement shortly after, with Metro PCS making public filings at the FCC earlier this month. Metro PCS stated: “Metro PCS indicated that it intends to ask Dish to provide to Metro PCS the technical information necessary for Metro PCS to complete an interference and spectrum sharing analysis”.
    2 Oct 2012, 10:48 AM Reply Like
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