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To: MGV who wrote (162898)12/13/2013 4:16:45 PM
From: Moonray  Read Replies (1) | Respond to of 213176
 
Sprint reportedly preparing to purchase T-Mobile in 2014
By Nathan Ingraham on December 13, 2013 04:07 pm

Sprint, the third biggest wireless carrier in the US, is preparing to buy out its rival T-Mobile, according
to a new report from The Wall Street Journal. While the deal is a ways off, Sprint is expected to put in
its bid in the first half of 2014 and could pay more than $20 billion for its rival. While Sprint, which itself
was recently acquired by Japan's Softbank, hasn't officially decided to go forward with such a move, a
merger of the third- and fourth-largest wireless carriers could build a company large enough to rival the
dominant forces of Verizon and AT&T.

That said, such a merger would likely face a huge uphill regulatory battle; antitrust authorities could be
concerned that the elimination of a fourth large nationwide wireless operator could be anticompetitive.
It's been nearly two years since AT&T gave up on its plans to purchase T-Mobile, a potential deal that
had been fraught with difficulty as the FCC decided that the merger was not in the public interest.

Developing...

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