MetroPCS is one company that has some severe ups and downs over the last few years. Just a little over a month ago, the company announced that it was going to be start putting out VoLTE capable phones by the end of this year. Despite that announcement, the company is having problems keeping a healthy bottom line, and a new report says that MetroPCS is holding takeover talks with a number of different cellular providers.
The companies that are discussing purchasing MetroPCS aren’t all cellular providers either. Dish Network is apparently involved in the discussions along with T-Mobile (News - Alert) USA and Sprint. These three suitors have apparently been joined by others and the talks between all parties have been going on and off for a little while now.
The reports claim that the talks are still in the very early stages of this particular deal, but this is more than just talk. MetroPCS is not going to be sold for just any price, but the company looks to be willing to make a deal should the price be fair and equitable.
This is certainly not the first time that MetroPCS has been involved in whispers about a takeover. The company is not one of the major powers in the cellular world, especially when it comes to the United States. That doesn’t mean that the company doesn’t have anything to offer. Some of the mid-majors in the cellular provider market would love to be able to add that particular company to their portfolio.
While most investors would be fairly impressed and excited about a MetroPCS buyout, it appears they are a little tired of hearing rumors about this particular deal. MetroPCS’ stock price as news of the potential buyout talks sparked up. It is not clear when a potential deal would be struck or who the actual front runner is at this point in the talks.
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Edited by Brooke Neuman