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Wireless

Sprint prepares possible bid for T-Mobile - report

Monday 16 December 2013 | 08:45 CET | News
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

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Categories: Mobile & Wireless
Companies: MetroPCS / Sprint / T-Mobile USA / Verizon Wireless
Countries: United States
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