Wireless carriers Sprint and T-Mobile are reportedly talking again about a merger that would, if completed, vault the resulting company into the No. 2 spot in the highly competitive industry, behind AT&T.
The No. 3 and No. 4 wireless providers — T-Mobile has 69.6 million subscribers, Sprint, 53.7 million — attempted a merger three years ago. But concerns that regulators would not approve the deal led to an unraveling.
Masayoshi Son, the founder and CEO of Tokyo-based telecom and Internet company Softbank, which is the primary shareholder of Sprint, has been seeking a deal to improve Sprint’s position. Last week, Charter Communications declined an offer to merge with Sprint, to complete a pay-TV/wireless/broadband powerhouse.
The two carriers restarted discussions recently, according to Bloomberg, which cited persons familiar with the situation. Last week, Sprint’s CEO and President Marcelo Claure said the company would have an announcement “in the near future” about merger discussions.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI