Sprint MetroPCS bid possible

Investor's Business Daily

A day after Deutsche Telekom said it forged a deal to merge its T-Mobile USA unit with MetroPCS (PCS) to create a new U.S. wireless competitor to AT&T (NYSE:T), Verizon Communications (VZ) and others, analysts said a bid by Sprint Nextel (NYSE:S) is still possible. Macquarie Capital said although it thinks Sprint will walk away from PCS, it could bid $14-$15 per share, topping Deutsche Telekom's offer. Sprint, like T-Mobile, needs more airwave spectrum to roll out new 4G services. Sprint shares fell 2.1% to 5.09. MetroPCS rose 3.7% to 12.69.

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