Summary
For the last 3 years I have advocated the merging of MetroPCS and Leap – check my past GLG postings. All I can say is finally.
Analysis
It is not a matter of “if” but a matter of “when”. I feel vindicated. Neither company can survive without a merger. In short the merger must begin this year and complete as quickly as possible. Although the combined company would still be dwarfed by the remaining Big 3, the reality is that the combined serves an important segment of the telecom market.
But even when they combine into the new entity, it will still be in trouble.
This merger is not about long term survival of a new entity but an exit strategy for the combined investors and creditors groups - the exit being one of the surviving Big 3 to acquire the new entity.
But even when they combine into the new entity, it will still be in trouble.
This merger is not about long term survival of a new entity but an exit strategy for the combined investors and creditors groups - the exit being one of the surviving Big 3 to acquire the new entity.
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
