MetroPCS backs off bid for rival
From Times Wire Services
MetroPCS Communications Inc. said it was withdrawing its $4.7-billion bid for Leap Wireless International Inc.
Dallas-based MetroPCS said it “has not been able to engage Leap in meaningful negotiations” about a deal.
Executives of San Diego-based Leap said they remained “open to substantive discussions concerning a strategic combination” between the companies.
