Small Wireless Players Getting Squeezed But Consolidation Still Far

U.S. wireless operators completed their earning season of sorts when MetroPCS Communications Inc (NYSE:PCS) and United States Cellular Corporation (NYSE:USM) (U.S. Cellular) reported their quarterly results yesterday. While the large ones had already announced their financial performance, the entire U.S. wireless pack now stands with its report card for the latest period.

Among the smaller ones, Leap Wireless International, Inc. (NASDAQ:LEAP) had also reported its numbers. Going by the numbers, it does not look like a very good situation for the tier 2 . . .

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