Seeking Alpha

Leap Wireless (LEAP +5.3%) and MetroPCS (PCS +3.8%) are part of the sizable list of names (I,...

Leap Wireless (LEAP +5.3%) and MetroPCS (PCS +3.8%) are part of the sizable list of names (I, II, III) rallying thanks to the official end to AT&T's (T +1.2%) attempt to acquire T-Mobile. Investors apparently feel the benefits of not having AT&T swallow up a rival outweigh the value that would have been provided by the spectrum sales AT&T planned to make to the discount carriers in order to secure the deal's passage.
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Comments (1)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    This outcome adds nothing to the competitive environment.
    20 Dec 2011, 12:13 PM Reply Like
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