According to the Wall Street Journal’s sources, Sprint is looking in to the possibility of buying out T-Mobile. This would obviously create one larger carrier capable of competing with Verizon and AT&T.
According to WSJ,
it’s the CEO of Japanese carrier, Softbank who’s wanting to drive the
move. Of course, Softbank recently bought 80% of Sprint stock, placing
the carrier under Softbank’s ownership. The Japanese firm has also
purchased a $1.26 billion slice of Brightstar and grabbed a large chunk
of Finnish game-maker, Supercell for $1.5 billion. Softbank are clearly
not shy about spending money.
There are two big questions here. Firstly, with T-Mobile’s position
in the market strengthening, is it really in its best interest to sell
up? Secondly, as mentioned already, would the governing bodies allow the
T-Mobile no longer needs to sell. Its customer base has grown
tremendously over the past 9 months and it’s raised $3 billion of its
own cash through stock and debt sales in order to expand and acquire