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Sprint prepares possible bid for T-Mobile - report
2013-12-16 08:45:00| Telecompaper Headlines
(Telecompaper) Sprint is working toward a possible bid for rival T-Mobile USA, people familiar with the matter told the Wall Street Journal. Sprint is studying regulatory concerns and could launch a bid in the first half of next year, the people said. T-Mobile became publicly listed in May after merging with smaller rival MetroPCS, and now has a market capitalization of just over USD 20 billion. The takeover would leave Sprint still in third place on the market, but much closer to market leaders AT&T and Verizon in terms of customer numbers. Executives from Sprint and T-Mobile have argued publicly that the government should allow a combination of the two companies, as it would give them the scale to make the network investments and spectrum purchases needed to compete against Verizon Wireless and AT&T.
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Category:Telecommunications