Sprint holds off on MetroPCS bid, for now - sources

NEW YORK, Oct 10 (Reuters) - Sprint Nextel Corp isholding off on deciding whether to make a bid to buy MetroPCSCommunications Inc as it continues to weigh its options,a source familiar with the matter said on Wednesday.

Sprint's board met on Friday to discuss a potential bid forthe smaller company, another source familiar with the mattertold Reuters. Sprint was not immediately available for commenton Wednesday afternoon

Shares in wireless service provider MetroPCS fell 4 percentin afternoon trade as many investors had been hoping that Sprintwould make a counter bid for MetroPCS, which agreed last week tomerge with Deutsche Telekom AG unit T-Mobile USA.

(Reporting By Paritosh Bansal, Nadia Damouni and Sinead Carew;Editing by Gerald E. McCormick)

((sinead.carew@thomsonreuters.com)(+ 1 646 2236186))