Sprint Nextel is unlikely to make a competing bid for Texan pre-paid carrier MetroPCS, Reuters reports, scotching previous speculation that it intended to counter the October bid lodged by Germany’s Deutsche Telekom (DT). Instead, the news agency says that Sprint will focus on getting Softbank's USD20.1 billion purchase of 70% of it approved by regulators. The report, which cites three people familiar with the matter, said that Sprint believes a counter-offer would unnecessarily complicate the regulatory review of the Softbank deal.
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OVETEL Sprint unlikely to make counter-offer for MetroPCS
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