I acted surprised when I read about this this was going on quietly amazing well I guess it was bound to happen somebody else will do it then.
Well, it's NOT false and not just rumors. And the facts were out there hours before you posted.
So you are totally wrong on this topic, even if you do work for Metro. For the past 8 months (since last summer) MetroPCS was definitely negotiating for a merger with Sprint, which was personally endorsed by Sprint CEO Dan Hesse -- and then rejected at the last minute by the Sprint board for unknown reasons. By "rejected by the Sprint board", that means MetroPCS had agreed to all the terms and was willing to be bought by Sprint.
I agree that MetroPCS does not need a merger with anyone, but it's definitely true they agreed to it and actively negotiated for a merger with Sprint for last several months.
If you want to know more, read here: Report: Sprint Board Kills $8B...
Too many Sprint board members talked to the press, and the vote will be part of SEC public records. You can't deny it -- it is true. But the merger proposal failed.
To which I say, GOOD.
GOOD, now that's over with, MetroPCS get back to business, please.
I wonder if all this going on in the background has been the reason for delays on MetroPCS' part. Seems like a lot of their promises and business plan decisions have been on the slow track. I thought it was just incompetence on their part, but maybe upper management was distracted by Sprint merger discussions.
MetroPCS: "Like, we know we said all this stuff --
*we promised 5 or 6 LTE Androids in 2011, but only delivered 2;
* we promised a 2nd LTE Android by June/July 2011 but really delivered end of September and even then wanted to delay it until mid-October;
* we promised the LG Connect by Feb 9, and it's still in the wind...
-- but we don't really HAVE to deliver on our promises because Sprint is going to swoop in, pay all us off, and we won't have to do anything anymore except order umbrella drinks in the Bahamas.Wait, Sprint board rejected the merger? Ooops!
"
Hope they can now get back to business.
Even on MetroPCS' official Facebook page, the MetroPCS PR flacks are denying the LG Connect is delayed even after I showed them proof from their own January 9, 2012 press release. They keep saying they never promised a date, but then keep deleting my link to THEIR own press release which promised a "launch by" date -- as if hiding the truth will fool people? They should apologize for the delay, not lie about. LIARS and WEASELS.
I just expected they would snap up Leap/Cricket before MetroPCS. Cricket is already practically a subsidiary with the slave contract nationwide 3G roaming deal they signed with Sprint a couple of years ago.
Actually Metro being bought by Sprint might not have been totally bad -- we would have true 3G nationwide roaming and still been a pre-paid budget carrier, like they made Virgin and Boost. Eventually Metro brand would have been rolled into Virgin I would bet. Sprint is CDMA and is going to LTE for 4G (after realizing WiMax is a bust).
Deal discussions began after Sprint was approached by representatives of MetroPCs who said the company was interested in being bought, people familiar with the matter said. Sprint's managers informed the board, and the two sides then explored how a deal might be done, one of the people said. Negotiations picked up after the late-December collapse of AT&T's $39 billion deal for T-Mobile USA, and due diligence was stepped up in the past week ahead of the board meeting, people familiar with the matter said.
For Sprint, the main reason to do a deal was the cost savings from combining the two carriers' networks, one person said. But early on there were doubts inside Sprint. MetroPCS is already using virtually all of its network capacity, so Sprint would essentially just be buying MetroPCS's customers, which like all pay-as-you-go customers tend to be fickle, another person said.
MetroPCS, meanwhile, saw Sprint as a good fit that would give its subscribers access to a nationwide next-generation network once it is built, a person familiar with the matter said. MetroPCS Chief Executive Roger Linquist, who co-founded the company, was personally involved in the talks, one person said. Mr. Linquist, who is 72 years old, remains interested in a deal if the right one can be found, the people said.
I would agree.
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