Leap board reviewing MetroPCS offer

10 Sep 2007

The board of Leap Wireless International said on Friday that it is reviewing a USD5.5 billion unsolicited takeover offer from rival US cellular operator MetroPCS. The board will then make a recommendation to shareholders based on its review. If it goes ahead the merger of Leap and MetroPCS would create the sixth largest cellco in the US market, with more than six million subscribers nationwide.