In a move that would leave the United States mobile carrier market dominated by three carriers rather than four, Sprint could be soon buying out T-Mobile to set up a merger for the ages.
The company still hasn’t decided on the action it will take, but Sprint could post a bid in the first half of 2014, and the deal could be worth more than $20 billion.
The news comes just months after SoftBank Corp. bought out Sprint, and T-Mobile merged with MetroPCS.
While consolidation for both Sprint and T-Mobile could work out well for them, consumers could be left out to suffer, for the lack of a fourth major competitor could take away a check on prices.
And of course, antitrust officials would have to approve any kind of deal of this size, so nothing will be even close to official for a while.
Stay tuned for more details, but don’t expect anything too juicy too soon…
Source: Wall Street Journal
Come comment on this article: Sprint to buy out T-Mobile? Regulators could stop deal short
Powered by WPeMatico
