Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 17 September 2007 08:29

Leap Wireless Board rejects bid

Written by David Stellmack
Image

MetroPCS denied

The Board of Directors of Leap Wireless International has voted unanimously to reject the unsolicited bid from MetroPCS Communications to purchase Leap Wireless. Leap’s Board indicated that the bid was not sufficient to cover the future growth value of the company.

According to analysts the offer was valued at 8 ½ times Leap's estimated earnings before interest, tax, depreciation and amortization, which was less than the 9 times EBITDA from  other recent industry deals.

While Leap and MetroPCS are competitors, the bid to merge was viewed by some as necessary to remain competitive with other larger U.S. mobile service providers. 

A combination of the two wireless companies would have created a provider with a presence in nearly all 200 U.S. markets, but its cumulative 6.2 million subscribers would still be far fewer than that those of the top U.S. mobile players.

Read more here.

Last modified on Monday, 17 September 2007 09:09

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments