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EconomyBusinessSprint T-Mobile Merger Sparks Stock Jump

Sprint T-Mobile Merger Sparks Stock Jump

Rumors regarding a merger between the third and fourth largest mobile phone services in the United States has sparked a stock jump for Sprint. The Japanese telecommunications giant, SoftBank, bought third-ranked U.S. carrier Sprint for roughly 1.8 trillion yen in July, 2013 (Nikkei Asian Review).

During a television interview on “In the Loop”, Jennifer Fritzsche, an analyst at Wells Fargo & Co. in Chicago, suggested “Part of the plan all along has been for these two — No. 3 and No. 4 — to come together.”

Sprint would be to take control of T-Mobile by paying cash for the 67 percent stake owned by Deutsche Telekom AG (DTE).

References

Nikkei Asian Review. (2013, December 25). SoftBank eyes purchase of T-Mobile. Retrieved December 27, 2013, from http://asia.nikkei.com/Business/Deals/SoftBank-eyes-purchase-of-T-Mobile

Turner, N. (2013, December 27). Sprint Jumps Amid Speculation Carrier Will Merge With T-Mobile. Bloomberg. Retrieved December 27, 2013, from http://www.bloomberg.com/news/2013-12-27/sprint-jumps-amid-speculation-carrier-will-merge-with-t-mobile.html

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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