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Sprint Working to Buy T-Mobile, Report Says

by Todd Haselton | December 13, 2013December 13, 2013 1:06 pm PST

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Sprint may be considering an acquisition of T-Mobile USA next year, according to a new report from Dow Jones spotted by CNBC.

It didn’t work out so well when AT&T tried, mainly due to monopoly concerns, though this could turn out differently. There may be concern, however, since it would give Japan’s SoftBank control over the third and fourth largest wireless carriers in the United States. SoftBank already has a 70 percent stake in Sprint.

This isn’t the first time such a move has been considered, however. Sprint was once rumored to have been interested in taking T-Mobile USA off of Deutsche Telekom’s hands, though that was back in 2011.

The news is already paying off for Sprint investors; the company’s stock is trading up about 10 percent in after hours on the news, at $9.22 per share. Shares of T-Mobile U.S. are down 1.52 percent to $27.

CNBC

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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