MetroPCS Communications Inc. (PCS) has emerged as the frontrunner to buy assets from AT&T Inc. (T) and T- Mobile USA Inc. as those companies seek to win government approval for their $39 billion merger, according to people familiar with the matter.
Though the size of the deal isn’t yet definite, it would likely include subscribers and wireless spectrum, said the people, who couldn’t be identified because the talks aren’t yet public. The deal’s value is likely to be less than $4 billion, said one person.
AT&T approached smaller rivals including Dallas-based MetroPCS, Leap Wireless International Inc. (LEAP) and Dish Network Corp. (DISH), people familiar with the matter said last month. MetroPCS, with more than $2 billion in cash and short-term investments, has a stronger balance sheet than Leap, though Leap is still in talks with AT&T, the people said.
More here: http://www.bloomberg.com/news/2011-1...-t-mobile.html