Sprint may be looking to hold off on a counter-offer to purchase MetroPCS out from under T-Mobile’s collective noses according to a new report.
Sources speaking with Bloomberg say that Sprint is playing a bit of a wait-and-see game with what happens between MetroPCS and T-Mobile. While the two companies have officially announced intentions to merge, Sprint is also said to be looking into possibly riding in to take a shot at the sale. While Sprint’s involvement is not yet been made official, it does seem that the proposition is at least being studied.
The latest report indicates that as the T-Mobile merger draws closer to being put to a vote before the MetroPCS investors, more details will be announced, and that could give Sprint that much more opportunity to decide if this is the right move to make.
Neither Sprint or MetroPCS are commenting on the potential talks at this time.
T-Mobile has been seen as the more logical merger as it shares the same infrastructure as MetroPCS, but Sprint has to be looking at this as a chance to strengthen itself in third place behing AT&T and Verizon. If it allows T-Mobile to make this acquisition, then Sprint could see itself with T-Mobile nipping even more at its heels from fourth place, and the dream of catching the big two slipping even further away.
Playing a waiting game could be the best move for Sprint right now, but it’s going to make for a long couple of months as we all watch this play out.