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)
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Keywords: METROPCS SPRINT/