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Leap Wireless (LEAP +3.7%) outperforms following news Dish Network (DISH -2.1%) offered...
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Monday, November 19, 2012, 11:48 AM ETLeap Wireless (LEAP +3.7%) outperforms following news Dish Network (DISH -2.1%) offered $11/share for MetroPCS (PCS +1.2%) before the latter decided to merge with T-Mobile USA. With MetroPCS off the table in the absence of a higher bid, Dish could conceivably turn to Leap to further its 4G ambitions. Dish is underperforming: aside from the MetroPCS disclosure, investors may be bothered by the WSJ's claim that FCC officials are "leaning" toward limiting the use of Dish's 4G spectrum out of interference concerns. (Dish/Google)
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