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3G/HSPA

Leap Rejects MetroPCS Bid

8:00 AM -- Leap Wireless International Inc. (Nasdaq: LEAP) has rejected MetroPCS Inc. (NYSE: PCS)'s $7.5 billion acquisition bid, saying that it's too low. (See Leap to Consider MetroPCS Bid .)

It will be interesting to see whether one of the major operators will now make a play for either of the low-cost regional operators. Part of the logic behind MetroPCS's unsolicited bid was to make a larger, stronger, single operator in the face of the wave of consolidation that is going on in the U.S. regional cellular market.

— Dan Jones, Site Editor, Unstrung

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