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Wednesday, Oct 3
2012, 2:47 PM
The Street's newfound skepticism about the likelihood of an expensive Sprint/Leap Wireless deal...
The Street's newfound skepticism about the likelihood of an expensive Sprint/Leap Wireless deal may not be good news for Leap's shares, but it clearly is for Sprint's (S +6.9%): the #3 U.S. carrier has erased the losses it saw yesterday after reports of a pending MetroPCS/T-Mobile deal (confirmed today) raised fears debt-laden Sprint would pay through the nose to buy Leap. 4G partner Clearwire (CLWR -0.4%) has largely tread water over the last 2 days, in spite of yesterday's volatility.