Sprint is planning to buy T-Mobile, according to The Wall Street Journal. The $20+ billion deal would combine the nation’s third and fourth largest carriers. Sprint is reportedly “studying regulatory concerns and could launch a bid in the first half of next year.”
If Sprint and T-Mobile do merge, they would have a combined customer base of nearly 100 million, which is much closer than they are separately to Verizon’s 119 million and AT&T’s 108 million.
AT&T tried to buy T-Mobile two years ago, but the deal was eventually shut down by antitrust concerns from the Justice Department. The same thing could very well happen again this time around, but only time will tell. The last thing the U.S. carrier industry needs is less competition, so maybe going from the “big four” to the “big three” isn’t the best idea.
- Source The Wall Street Journal