MetroPCS sees Sprint as major distraction to T-Mobile merger

12/5/2012 | Reuters · Wall Street Journal, The

MetroPCS CEO Roger Linquist said investors were undervaluing the prepaid carrier's shares in advance of its planned merger with T-Mobile USA because they are too focused on a potential Sprint Nextel bid for his company instead of how the T-Mobile deal would boost MetroPCS' cash flow. "Everybody's focused on the interloper. It's a huge distraction," he said Wednesday. He added that Softbank's bid to buy 70% of Sprint would complicate any interest that Sprint would have in MetroPCS.

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Reuters · Wall Street Journal, The

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