Metro PCS Makes $5.5 Billion Dollar Offer to Purchase Cricket Wireless.
I hate to say, I told you so. I have been predicting this for a long time coming. That’s right Metro PCS has made an offer to buy Cricket Wireless to create the worlds 5th largest wireless provider, and the only one with broad unlimited service offerings.
If these companies stay separate the competition they face is simply too great. As Jim Collins would say, these companies are good but not great. Now, with the possibility of a merger your looking at a new super-power wireless provider that could potentially change the way we know wireless forever.
Imagine unlimited everything being pushed on the big providers. Believe me you this is a major threat to them and they are watching this potential merger very closely. Look out AT&T, Sprint and Verizon you could be dealing with something the likes of which you’ve never encountered.
Check out these two articles about the merger:
Sci-Tech, “MetroPCS Offers $5.5 Billion for Leap Wireless”
San Diego Union Tribune, “Leaping toward a merger?”
Some of my favorite quotes regarding the potential merger:
“This will create the 5th largest wireless company”
“Power said nationwide carriers can’t effectively go after that market without cannibalizing their main business, so that leaves a merged MetroPCS and Leap with plenty of room to continue to grow.
“They seem the best-positioned,” Power said. “It’s going to be difficult for the nationwide carriers to duplicate their success.” ”
Stay tuned for more information on this important event!
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