Is Sprint Working on a Bid for T-Mobile?Comments Off on Is Sprint Working on a Bid for T-Mobile?
The Wall Street Journal reported on Friday that Sprint Corporation is working toward a possible bid for T-Mobile US Inc. If these two giant telecoms merged there would be three major carriers in the wireless game, reducing competition and dominating the industry. “Sprint is studying regulatory concerns and could launch a bid in the first half of next year, the people said. A deal could be worth more than $20 billion, depending on the size of any stake in T-Mobile that Sprint tries to buy. A bid would cap a period of extraordinary consolidation in the U.S. wireless market, coming just months after SoftBank Corp. acquired Sprint and T-Mobile merged with MetroPCS Communications Inc.,” The Wall Street Journal explained.
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