Sprint's board vetoes MetroPCS purchase in defiance of CEO (Digital Trends)

[unable to retrieve full-text content]Digital Trends - Sprint???s board of directors has reportedly vetoed the company???s expected purchase of rival wireless carrier MetroPCS. An acquisition largely championed by Sprint CEO Dan Hesse and weeks in the making, the estimated $8 billion MetroPCS deal would have saddled cash-strapped Sprint with even further debt. Sprint is the nation???s third-largest wireless carrier.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/digitaltrends/20120225/tc_digitaltrends/sprintsboardvetoesmetropcspurchaseindefianceofceo

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