On the heels of T-Mobile's announcement this week that they plan to merge with MetroPCS, indications suggest that Sprint's interest in acquiring MetroPCS themselves may not yet be dead. You might recall that Sprint's board rejected a plan to acquire MetroPCS at the very last second last February despite full-throated support from CEO Dan Hesse. Insiders tell Bloomberg News that Sprint is "crunching the numbers and holding talks with its advisers" about the possibility of a higher counter offer. Sprint's board originally shot down the deal due to concerns that an acquisition, on top of an LTE build and a huge recent iPhone subsidy, would be too much turmoil for the company. The biggest reason a Sprint/MetroPCS deal won't happen? Both MetroPCS and T-Mobile face break up fees ($150 million, $250 million, respectively) if the deal doesn't go through.