Sprint reportedly considering T-Mobile acquisition attempt in 2014Alex Wagner - Editorial Director of News and Content
Ready for a wild end of the week rumor? According sources speaking to The Wall Street Journal, Sprint is considering an attempt at buying T-Mobile in 2014. It's said that Sprint is currently examining the regulatory concerns that such a bid could cause.
SoftBank CEO Masayoshi Son is reportedly the big driver behind the effort, which could end up costing Sprint more than $20 billion. Sprint hasn't yet decided if it'll actually make an offer, but if it does, it's rumored that the bid will be made in the first half of next year.
While it remains to be seen whether or not Sprint will go through with its plans, such a move would be pretty big for the wireless industry. Not only would it reduce the number of major carriers from four to three, it'd see the two smallest carriers teaming up to take on the big boys. Even if Sprint and T-Mobile did reach an agreement, though, the deal would need approval from the FCC and Justice Department. That could be a pretty tough feat for Sprint-Mo to pull off, especially considering all of the Un-carrier moves that T-Mobile has made lately.
What do you make of this rumor? Do you think a Sprint-T-Mobile deal be able to gain approval from regulators?