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
