When Sprint CEO Dan Hesse said that 2014 was his company’s time to make waves, he wasn’t kidding. The Wall Street Journal reports that Sprint is preparing to make a bid to buy off T-Mobile from parent company Deutsche Telekom in the first half of 2014. The Journal’s sources say that Sprint’s proposed deal “could be worth more than $20 billion, depending on the size of any stake in T-Mobile that Sprint tries to buy.” If Sprint were to successfully acquire T-Mobile it would leave the United States with just three nationwide wireless carriers. It will be very interesting to see how the government’s antitrust regulators react to any such proposal since they handily killed off the AT&T-T-Mobile merger back in 2011. A combined Sprint and T-Mobile would have an estimated 53 million postpaid subscribers, which would still be substantially fewer the subscribers held by AT&T and Verizon.
WSJ: Sprint may try to buy T-Mobile in early 2014
Updated Dec 13th, 2013 4:16PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
